Beef exports during July totaled 272 million pounds, up 33.3% compared to a year ago and quite likely the largest monthly beef exports ever. It is the largest in my data series which begins in January 1989. For the third month this year, Canada was the largest foreign buyer of U.S. beef. July U.S. beef imports were down 16.9% compared to a year ago. The first month since August 2003, U.S. beef exports to Canada during July were larger than beef imports from Canada.

During the first 7 months of 2011, U.S. beef exports were up 26.8% and beef imports were down 16.6% compared to a year ago. During January-July, we exported 10.6% of U.S. beef production and imported an amount equal to 8.3% of production.