After a record year for beef exports, forecasts suggest the U.S. could slip below India into fourth place globally in beef exports this year, according to an analysis by Decision Innovation Solutions (DIS) for Iowa Farm Bureau Federation (IFBF). Brazil and Australia rank first and second in beef exports.

U.S. beef exports reached a record 1.47 million metric tons in 2022, up 2% from the previous high in 2021, although shipments slowed toward the end of the year. Export value climbed to a...