Russia Gaining As A Top Destination For U.S. Beef
Export results for the first half of 2008 (24.7 million lbs.) clearly indicate that Russia is emerging as a top destination for U.S. beef. Closed to U.S. beef from late 2003 through almost all of 2007, Russia is now the third-largest destination for U.S. beef variety meats and the seventh-largest market for overall exports of U.S. beef, according to the U.S. Meat Export Federation (USMEF).
Russia’s restaurant sector is experiencing particularly rapid growth, surging demand for high-quality beef cuts. But Russia remains a critical market for cuts underutilized in the U.S. domestic market. For instance, once the top export market for U.S. beef liver, Russia is once again making an impact on liver demand and, in turn, carcass value.
As Russian importers have begun bidding against their counterparts in Egypt for a limited supply of U.S. beef livers, liver prices have more than tripled when compared to last year. For U.S. cattle producers, this has added roughly $7/head, USMEF says.
-- USMEF
Export results for the first half of 2008 (24.7 million lbs.) clearly indicate that Russia is emerging as a top destination for U.S. beef. Closed to U.S. beef from late 2003 through almost all of 2007, Russia is now the third-largest destination for U.S. beef variety meats and the seventh-largest market for overall exports of U.S. beef, according to the U.S. Meat Export Federation (USMEF).
Russia’s restaurant sector is experiencing particularly rapid growth, surging demand for high-quality beef cuts. But Russia remains a critical market for cuts underutilized in the U.S. domestic market. For instance, once the top export market for U.S. beef liver, Russia is once again making an impact on liver demand and, in turn, carcass value.
As Russian importers have begun bidding against their counterparts in Egypt for a limited supply of U.S. beef livers, liver prices have more than tripled when compared to last year. For U.S. cattle producers, this has added roughly $7/head, USMEF says.
-- USMEF
