U.S. beef imports are off to a blistering start in 2015. The U.S. has already imported more than 875 million pounds of beef through March. This is 47% higher than 2014 compared to the same time period. Additionally, U.S. beef imports in 2014 were up 31% from 2013.
The United States imported more than 325 million pounds of beef in March. This is the most beef that the U.S. has imported in one month in the last 10 years (since July 2005). The U.S. has not imported more than 300 million pounds in the last 97 months (since July 2007).
If the United States maintains this pace, it is projected that more than 3.5 billion pounds of beef will be imported in 2015. If realized, this will be the 3rdhighest on record. The United States has only imported more than 3.5 billion pounds of beef twice in history (2004 & 2005).
The United States has only imported over 3 billion pounds of beef eight times (2000 – 2007). The United States had never imported more than 3 billion pounds of beef until 2000 and hasn’t since 2007. However, the U.S. was close in 2014 when beef imports reached 2.9 billion pounds. U.S. beef imports were barely over 2 billion pounds in 2011.
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