US Beef Prices Hit Record Highs
date:Aug 25, 2014
eriod a year ago.



The increase was largely driven by a surge in imports from Australia. Customs data pegs total imports of Australian beef at 165,840 MT, 46,648 MT (+39 per cent) more than the comparable period a year ago. And the numbers are likely to increase further in the next 30-45 days considering that Australian beef exports are the highest they have been in the past decade.

Australian beef exports to the US in July (much of this meat has yet to clear customs) were pegged at 36,799 MT
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