USDA Report Brazil: Livestock and Products Annual September 2023
The Brazilian economy is slowly recovering from the negative impacts of the COVID pandemic on its GDP growth, employment rates, and in most sectors of the economy. Post forecasts cattle production will increase one percent in 2023, reaching 48.5 million head of cattle and decrease by four percent in 2024. Cattle slaughter rates are forecasted to increase in 2023 and [...]
Canada: Poultry and Products Annual
Report Highlights: Chicken meat production is forecast to show moderate growth in 2024, based on a steady demand for this protein source. In 2023, the chicken sector continued to face production challenges due to tight supplies of hatching eggs and day-old chicks, as HPAI disproportionately impacted breeder and hatching farms. With domestic production below planned levels, and favorable international prices, [...]
USJTA Treatment for Beef and Beef Products 2023
Report Highlights The U.S.-Japan Trade Agreement (USJTA) entered Year 5 of the agreement implementation on April 1, 2023. This report is one in a series of product briefs highlighting the tariff benefits for specific commodities and products from Year 5 (2023) to Year 7 (2025) of the Agreement. Overview In 2022, the United States exported $2.32 billion of beef products [...]
USDA – China: Dairy and Products Semi-Annual
Improved production efficiency and a larger cattle inventory are expected to increase China’s raw milk production by four percent, to over 42 million metric tons (MMT), in 2023. Strong raw milk production is forecast to support higher whole milk powder (WMP) production. Domestic WMP production will weigh on imports of both WMP and skim milk powder. However, imports of other [...]
USDA GAIN – European Union: Livestock and Products Semi-annual
High feed and energy prices and environmental restrictions are pressuring both cattle and swine farmers in the European Union (EU), leading to a reduction in operations. National implementation of the EU’s Common Agricultural Policy is not anticipated to curb the continued decline in beef production, as EU Member States are expected to increasingly focus on support for smaller farms. With [...]
USDA GAIN – Brazil: Poultry and Products Semi-Annual
Brazil's economy is still recovering from the negative impacts of the pandemic on its GDP growth, employment, and most sectors of the economy. For 2023, the Brazilian Central Bank (BCB) forecasts GDP to grow 0.76 percent and 1.5 percent in 2024. Consumption will benefit from social spending in 2023. Producers have resorted to exports to benefit from the devalued Real, [...]
Australian cattle slaughter numbers start year strong
Australian slaughter numbers started the year strong with weather conditions tilting in favour of processors, and a probable decrease in US beef production could make Australian beef exports more competitive in international markets. Australian slaughter numbers started firm in January compared with two years earlier. Industry group Meat and Livestock Australia reported 99,206 head slaughtered in the week ending 22 [...]
Australia northern feeder cattle: Market stand off
The Australian northern cattle feeder price decreased to 390A¢/kg this week from 395A¢/kg the week prior, as feedlots hold firm on low grid prices and feeder steer supply remains low as producers look to capitalize on a good season's pasture growth to get steers to the top end of feedlot intake weights. Feedlot pricing and transactions covered a spread of [...]
Livestock and Poultry: Quaterly World Markets Report
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 Despite the challenges of the current wave of COVID-19 infections in China, the import forecasts of beef and pork in 2023 [...]
U.S. Beef Exports to East Asia on Record Pace
U.S. beef exports to East Asia in 2022 are again on record pace after a record year in 2021. Despite economic uncertainties due to the COVID-19 pandemic, continued global supply chain challenges, and a competitive global beef market, U.S. beef exports to East Asia, both in value and volume, were outstanding in the first half of 2022. East Asia’s relatively [...]
South Korea and Bulgaria: Livestock and Products Annual
South Korea: Livestock and Products Annual The ongoing revival of South Korea’s food service sector strengthened consumer demand for beef and pork in 2022. This positive trend is expected to continue in 2023 as Korea’s hotel, restaurant, and institutional sectors gain momentum in a post-covid market. However, the pace and scale of food service growth is unclear as the country [...]
Reviewing the Tariff-Rate Quotas for U.S. Beef Imports
The United States is the world’s largest producer of beef and its second-largest importer. Imports mostly consist of lean trimmings used for processing into ground beef. These trimmings, which would otherwise go toward rendering or pet food, add value to the U.S. beef supply chain. Beef imports usually follow the U.S. cattle herd cycle where a contraction leads to an [...]
Dairy and Products Annual: Canada, New Zealand and South Korea
Canada: Dairy and Products Annual FAS/Canada projects modest growth for milk and cheese production in 2023, as consumption remains stable, and the market is partially supplied by rising import volumes following implementation of Canada’s various trade agreements. Butter production is forecast to grow in 2023, as stocks remain low, depleted by sustained strong consumption. FAS/Canada forecasts skim milk powder exports [...]
USDA GAIN Reports from October 27, 2022
China: Swine and Pork Market Interventions Ineffective at Managing Rising Prices Since September 8, 2022, the People’s Republic of China (PRC) National Development Reform Commission (NDRC) has auctioned 127,100 metric tons (MT) of frozen pork reserves as an attempt to curb rising prices. However, despite numerous auctions and other PRC market guidance, domestic prices continue to rise. China is now [...]
USDA October: Report about Angola’s chicken meat
Angola: Poultry and Products Annual As the economic environment in Angola has improved, Angolan chicken meat imports also recovered, increasing 57 percent in 2021. Post expects 2022 imports will show slight year-over-year growth as well. In 2021, Angola was the world’s seventh largest importer of U.S. chicken meat by value ($125 million). Post forecasts production to increase slightly in 2023, [...]
USDA GAIN Reports from September 27-28, 2022
Brazil: Poultry and Products Annual Post forecasts production at 14.85 million metric tons in 2023, up three percent due to strong external demand and improved domestic consumption, setting a historical record. Consumption for 2023 is forecast at 9.85 million metric tons, growing two percent. Brazil is expected to continue to be the world’s largest exporter of chicken meat and Post [...]
USDA GAIN Reports from September 16, 2022
China: Poultry and Products Annual In 2023, poultry production is expected to remain stable at 14.3 million metric tons. White feather broilers’ share of overall chicken production is expected to increase, while yellow feather broiler production is expected to decline. In 2023, imports (excluding paws) are expected to reach 750 thousand MT from lower 2022 rates. China currently restricts imports [...]
USDA GAIN Reports from September 7, 2022
The following gain reports were released on September 7, 2022 Australia: Livestock and Products Annual Australian beef supply is forecast to make a substantial step towards recovery in 2023 after falling to the lowest level in decades in 2021 and generating only a marginal improvement in 2022. The Australian cattle industry is expected to continue its strong herd rebuild in [...]
USDA GAIN Reports from September 2-6, 2022
Argentina: Poultry and Products Annual Post projects 2023 Argentine chicken meat production at 2.38 million metric tons, up very slightly from 2022 levels, while 2023 exports are projected at 190,000 tons, up 4 percent from 2022. Argentine exporters have gained new export opportunities as a result of trade disruptions stemming from the conflict in Ukraine, and these gains are expected [...]
Shrinking U.S. cattle herd signals more pain from high beef prices
U.S. consumers grappling with soaring inflation face more pain from high beef prices as ranchers are reducing their cattle herds due to drought and lofty feed costs, a decision that will tighten livestock supplies for years, economists said. The decline in cattle numbers, combined with stiff costs for other production expenses, illustrate why a recent fall in grain prices to [...]