Post forecasts record Uruguayan beef exports at 490,000 tons carcass weight equivalent as a result of abundant beef supplies, strong foreign demand, and export limitations in several important competitors. Beef domestic consumption for 2022 is forecast at 160,000 tons, a recovery from 2021 as the country begins to return to normal as a majority of the population has been fully [...]
Post forecasts that the cattle herd will grow four percent in 2021 and 2022, while beef production is forecast to decrease six percent in 2021, reaching 9.5 million tons Carcass Weight Equivalent (CWE), but increase two percent in 2022. Post forecasts beef consumption for 2021 at 6.93 million tons (CWE), which is an eight percent decrease from 2020, mainly due [...]
Low prices and disease outbreaks in 2021 led to significant slaughter and delayed restocking. Pork production in 2022 will decline by 14 percent as fewer hogs come to market and government policies designed to limit price fluctuations inadvertently undermine expansion. Pork imports will rise to 5.1 million MT as consumer demand for pork exceeds domestic production. Cattle and beef production [...]
FAS/Tokyo projects cattle stocks to increase in 2022 as MAFF support programs continue to incentivize farmers to expand production. Due to a large cross breed cattle population and a growing wagyu population, FAS/Tokyo projects 2022 slaughter numbers to be up slightly and for beef production to be around 485,000 MT. In 2021, high swine beginning stocks will push slaughter speeds [...]
Beef consumption has increased in Thailand over the last few years, and local cattle production will not be able to meet the increase in demand. The majority of imported beef comes from Australia and New Zealand due to lower prices through free trade agreements with the United States being the fourth largest supplier of beef products to Thailand.
Post forecasts beef production to grow to 2.19 million metric tons (MMT) carcass weight equivalent (CWE) in 2022, up 3.3 percent from 2021. The main drivers are solid exports, chiefly to the United States, and a recovery in domestic demand. Post also forecasts pork production to reach a record at nearly 1.54 MMT CWE in 2022, up 3.0 percent from [...]
As countries roll back COVID-19 restrictions, foreign market demand for beef is becoming a bright spot for U.S. producers. With record U.S. beef production forecast this year, U.S. beef exports are forecast to strengthen their position in the global marketplace. Meanwhile, lower production in Australia and tighter exportable supplies from Argentina are expected to limit the global availability of beef. [...]
This quarterly report includes data on U.S. and global trade, production, consumption and stocks, as well as analysis of developments affecting world trade in livestock and poultry. Covers beef and veal, cattle, pork, swine, broiler meat and turkey meat.
On Thursday, May 20, 2021 the government of Argentina imposed a 30-day ban on beef exports. The measure is intended to lower domestic beef prices by temporarily increasing the domestic supply. The implementing resolution exempts exports to markets where Argentina has negotiated quotas. In 2020, Argentina exported 652,177 tons of beef with about 53,000 being exported to the US and [...]
Japan's chicken meat production in 2021 is projected to remain flat from 2020. A domestic outbreak of highly pathogenic avian influenza will continue to put downward pressure on supply while the lingering effects of the COVID-19 pandemic slow recovery in foodservice demand. Imports are projected to increase only slightly in 2021 as high domestic prices incentivize some processors to increase [...]
While Korea’s overall demand for beef and pork remains strong, imports of these products have declined as a result of the global pandemic. COVID-related restrictions have limited Korea’s Hotel, Restaurant, and Institutional sectors where imported meat is heavily consumed. Conversely, Korea’s market shift to in-home dining has bolstered retail sales of domestically produced meat. Korean cattle producers look to capitalize [...]
According to the Turkish poultry sector, chicken meat production in Turkey in 2021 is expected to grow 1.5 percent to 2.16 million metric tons (MMT) as demand for affordable protein sources to a growing population increases and the industry focuses on exporting to new markets. This growth forecast is lower than previous sector expectations due to the negative impacts of [...]
Indian water buffalo meat (carabeef) and beef (bovine) production in calendar year 2021 is projected to total about 4.1 million metric tons (MMT), three percent above the previous estimate. Rising cattle numbers and improvement in India's domestic supply chain support the anticipated expansion. Also, improving international demand will help lift carabeef exports to 1.4 MMT against the earlier projection of [...]
Mexico’s poultry production is expected to grow in 2021 despite a sluggish economic rebound and ongoing pandemic emergency measures hampering domestic demand. Chicken meat, as well as eggs and egg products, are expected to remain the most popular and affordable animal protein for consumers. In 2020, the poultry sector proved to be resilient in the face of pandemic-related challenges and [...]
Cattle stocks are projected to expand in 2021 as the pace of slaughter slows after a strong 2020. Slightly lower carcass weights are expected to keep beef production stable at around 475,000 metric tons (MT). Beef imports will struggle to rebound from a slow 2020 amid sluggish foodservice demand. Swine stocks are projected to expand in 2021 on increased sow [...]
Despite the challenges of the coronavirus pandemic and the further spread of African Swine Fever in wild boar westwards into Germany, EU pork production and exports broke a record in 2020. In 2021, a new production record is forecast which is anticipated to lead to increased competition on the global market. With a further contraction of the cattle herd, EU [...]
The Australia beef industry is finally showing signs of entering a much-anticipated herd rebuilding phase. This has firmed FAS/Canberra’s 2021 forecasts of lower cattle slaughter, cattle exports, beef production, and beef exports. With a reduced breeding herd and more females expected to be retained for breeding in 2021, overall cattle slaughter is expected to fall for the second straight year. [...]
Argentine beef exports in 2021 are forecast at 770,000 tons carcass weight equivalent, 50,000 tons lower than in 2020 on lower slaughter inventory due to negative margins, with overall exports heavily dependent on China's demand and market recovery from covid impacts. Cow-calf operators are benefitting from high calf prices. Domestic beef consumption is at a record low to the benefit [...]
Bovine semen exports from the United States to Brazil reached a record in 2020, and expectations are that 2021 could be another record year. Brazil is the second largest market for U.S. bovine genetics. Demand for artificial insemination (AI) and high-quality genetics in Brazil is growing by double digits each year, with the cattle sector leading the growth. In recent [...]
Post forecasts that the cattle herd will grow at three percent in 2021, and beef production is also forecast to increase three percent, reaching 10.4 million tons Carcass Weight Equivalent (CWE). Post forecasts beef consumption for 2021 at 7.725 million tons (CWE), which is a one percent increase from 2020. Post forecasts a two percent increase in the pig crop [...]
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