Australian beef exports in the United States have surged to the highest level since October 2024, increasing to 43,000 metric tonnes in July, according to the Bendigo Bank August cattle market update.
This is despite President Donald Trump introducing a 10 percent tariff, which has been effective since April.
Agricultural analyst Tom Herbert revealed Trump’s tariff moves had not adversely impacted the export or prices of Australian beef.
In fact, the price for 90 percent chemical lean (CL), which is beef that is 90 percent lean meat and 10 percent fat, has hit a record high.
“As of the 1st of August, the U.S. 90CL price has now broken its previous record, sitting at 1,119.9 c/kg, having lifted significantly over the previous four months,” Herbert said (pdf)….