1. U.S. Beef Exports Update for September 2012 November 2012

2. Beef Exports Volume Down 90,538 metric tons (199.6 million pounds) –Down 17.5% from September 2011 –Down 12% for first 9 months of 2012 $442.8 million in value –Down 4% from September 2011 –Up 2% year-to-date to $4.1 billion (USDA statistics compiled by USMEF for September 2012 ) (All totals include muscle cuts and variety meat)

3. Measuring Beef Export Value 13% of total U.S. beef production –Versus 14.4% in September of last year –12.7% of total production this year vs. 14% last year through September Export value equal to $227.65 per head –Versus $212.72 last September –$213.63 for first 9 months of 2012 vs. $202.05 last year (Export production % includes variety meat)

4. Top U.S. Beef Export Markets Canada – 14,253 MT (down 2.1%) ● value up 19.2% to $93.2 million Japan – 12,487 MT (up 2.5%) ● value up 24.6% at $86.6 million Mexico – 11,539 metric tons (down 47.7% vs. 2011) ● value down 39.5% to $52.5 million Middle East – 12,714 MT (down 27.9%) ● value down 21.8% to $27.9 million South Korea – 9,186 MT (up 1.8%) ● value down 6.2% to $39.5 million

5. U.S. Beef Exports 2012 vs. 2011 (Including variety meat) Volume: Metric Tons

6. U.S. Beef Exports 2012 vs. 2011 (Including variety meat) Value: Millions of Dollars