Commodities
Australian Beef Exports Hit Record High Despite Trump Tariffs
Cattle in stalls waiting to be sold at auction at Yea Saleyards in Yea, Victoria, Australia.
Photographer: Carla Gottgens/BloombergAustralia’s beef exports have already hit a record high this year on strong demand from the US, according to Meat & Livestock Australia, with no sign of a rebuild in the American cattle herd.
Shipments were at 1.4 million tons in the first 11 months, 15% higher than at the same point last year, the industry group said in a statement. That’s ahead of the previous full-year high of 1.34 million in 2024.