Cattlemen’s Beef Board | Beef Checkoff ’s Post

This cap could skew the balance under the U.S.-Panama Trade Promotion Agreement, with major suppliers like the U.S., EU, Canada, and Brazil feeling the pinch. Here’s the crunch: U.S. dominance in Panama’s pork market could wane, challenging exporters to navigate these choppy trade waters. The proposed cap specifically targets chilled and frozen pork, sparing varieties like bacon and sausages from the freeze.

🇦🇺 ANALYSIS: Australia's September 2024 Beef Exports Drop 6.4% M-o-M; China-Bound Shipments Rise 🥩 📉 Australia’s beef and veal exports fell to 114,046 mt in September 2024, driven by weaker demand from the US, Japan, and Korea. Despite the dip, shipments to China grew as exporters raced to beat the impending safeguard tariff activation. 📈 Annual exports surged by 15.5% on the back of strong production and rising global demand, while YTD volumes climbed 24.5%, nearing the 1 million mt mark. 🌏 Key Market Movements: US-bound exports slipped 9.2%, but remained up 52.3% y-o-y. Exports to Japan dropped 13.1% m-o-m, but YTD growth grew to 28.4%. China-bound shipments rose 6.7% m-o-m but fell 15.2% y-o-y, as China’s safeguard mechanism looms. Korea dropped to 4th place, down 10.4% m-o-m. ➡️ Stay updated for more insights on Australia's beef export trends. #Expana #BeefExports #Australia #MarketAnalysis #UrnerBarry #China #Korea #Japan #US #GlobalTrade

🇨🇳 ANALYSIS: China’s Aug 2024 Beef Imports Up 7.4% m-o-m Before Holidays; Economic Woes Weigh on Yearly Growth 🥩   🌏 China’s beef imports rose 7.4% month-on-month (m-o-m) in August 2024, reaching 231,335 mt, as importers ramped up shipments ahead of key holiday seasons. This marked the second consecutive monthly increase, driven by strong demand from Brazil, China's top supplier, and the anticipated rise in consumption for winter dishes like hot pot and beef noodle soup.   📉 Economic Struggles: Despite this m-o-m growth, yearly imports dropped 13.0% year-on-year (y-o-y), underscoring the pressure from China’s slowing economy. A combination of weaker consumer spending and increased competition from cheaper protein options, like pork and chicken, has weighed heavily on the beef market.   📈 Leading Suppliers: Brazil maintained its position as the largest beef exporter to China, with shipments up 14.5% m-o-m. Argentina followed, while Australia took third place, but faces potential disruptions as a 12% safeguard tariff could soon be triggered, complicating future trade.   ➡️ Stay connected for more updates on China’s beef import trends right here with Expana.   #Expana #BeefImports #China #MarketTrends #UrnerBarry

Coming off a strong rebound in 2023, January-April U.S. beef exports to Mexico increased 19% to 77,530 mt, while value jumped 24% to $454.3 million. This included an outstanding performance for beef variety meat exports, which increased 23% from a year ago in volume (40,490 mt) and 16% in value ($108.7 million). #USMEF #USBeef #BeefCheckoff

🥩 Top Whole Beef Exporters in 2023: USA leads with $4.4B (14.61%), followed by Netherlands ($3.09B) and Canada ($2.92B, +91% in 5 years).

🇺🇸🥩📉 Could imports solve the U.S. lean beef shortage? Thanks to supply chain issues, droughts, and cyclical herd dynamics, there’s been a significant drop in the number of cows in the U.S. herd. With tightening supplies and skyrocketing prices, Australian imports may offer a glimmer of hope. See how international supply dynamics are changing the game. And discover why Australian 90CL is fast becoming the go-to solution for domestic trim buyers who want to cut costs and stay ahead. 👇 Click below to read the article. 🔗 https://lnkd.in/e7GVqeXm

THE MEAT MARKET   We're keeping a close eye on pork this week. Several factors could rock the pork world in the second half of the year, including uncertainty in the strength of the USD and possible retaliatory measures from China to Europe. Generally, however, meat prices are holding up well, boosted by a hot beef market, and strong poultry (white meat) prices.   Retail ads are mostly devoid of beef - and this was predominantly the case in Canada where an ongoing beef strike is hindering retailers' ability to capitalize on beef sales during peak grilling season. We expect processed products to continue performing, while fresh meat offerings (we're looking at you beef!) will continue to get slimmer. For buyers, 'timing' is the name of the game in order to make a difference to the bottom line.   On the beef side, the pressure is on for imports, as it seems they're holding up the US/Canadian market for the time being. With domestic production in a slump, imports are putting red meat on the domestic table. The question is - how long will this reliance on imports be sustainable?   On the pork end, Mexico's sinking currency is causing a defensive stance, and a similar situation looks to be developing in Colombia. Luckily, we're seeing some export friendly cuts priced lower than previous weeks, enabling some movement. The big question is: what happens if China imposes retaliatory tariffs on EU-origin products like the ones US pork faces?   Partnering with CHISHOLM means that you get a Team of industry experts to help you navigate these uncertain waters to find the best strategies to keep moving your business forward. Contact us today: www.rachisholm.com   #importexport #meatindustry #meat #beef #pork #poultry #dairyindustry #dairy #foodbusiness #commoditytrading #commodity #RonaldAChisholm #supplychain #WeAreChisholm #business #growth #TheMeatMarket #strategy #planning

🇯🇵 ANALYSIS: Japan’s August 2024 Beef Imports Dip 0.9% M-o-M as Australia, New Zealand Drive Yearly Gains 🥩 🌏 Japan’s August 2024 beef imports slipped 0.9% m-o-m to 48,884 mt, marking the fourth straight month below 50,000 mt. A weak yen and high summer temperatures slowed imports, impacting Japan's dining-out sector. 📉 Economic Impact: Yearly imports rose 7.0% (+3,216 mt) despite short-term challenges, as strong tourism helped boost consumption. 📈 Key Market Movements: Australia remained Japan's top supplier for the fifteenth consecutive month. New Zealand imports surged 114% y-o-y (+2,065 mt) despite being in the off-season, while the US saw a 4.6% annual decline amid supply constraints. ➡️ Stay tuned for more updates on Japan’s beef market right here at Expana. #Expana #BeefImports #Japan #MarketTrends #UrnerBarry

Global chicken meat exports are projected to grow by 2% in 2025, reaching a record 13.8 million tons. This growth is driven in large part by Brazil, which is expected to achieve record-breaking shipments. Brazil’s increasing share of global trade has been a consistent trend since the pandemic, often coming at the expense of traditional suppliers like the United States and the EU. Via: USDA #GlobalTrade #PoultryIndustry #ChickenExports #BrazilTrade #AgriBusiness #FoodIndustry #ExportGrowth #SupplyChain #InternationalTrade #2025Forecast 🔗 Read the full report here.

Global chicken meat exports are projected to grow by 2% in 2025, reaching a record 13.8 million tons. This growth is driven in large part by Brazil, which is expected to achieve record-breaking shipments. Brazil’s increasing share of global trade has been a consistent trend since the pandemic, often coming at the expense of traditional suppliers like the United States and the EU. Via: USDA #GlobalTrade #PoultryIndustry #ChickenExports #BrazilTrade #AgriBusiness #FoodIndustry #ExportGrowth #SupplyChain #InternationalTrade #2025Forecast 🔗 Read the full report here.