Beef – It’s For Trading

The top purchasers of U.S. beef last year were Japan, 641 million pounds, South Korea, 630 million pounds, and China (excluding Hong Kong), 475 million pounds (Figure 2). The only countries purchasing more beef in 2024 compared to 2023 were Mexico (+8%) and Taiwan (+4%). Japan’s purchases were largely unchanged (+.03%) while South Korea, China, and Canada purchased less, all down -6%.