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🇦🇺 ANALYSIS: Australia's Aug 2024 Beef Exports Dip from Record Highs; US-Bound Volumes at 9-Year High 🥩 🌏 Australia’s beef exports in August 2024 reached 121,797 metric tonnes (mt), marking a 6.3% drop from July’s record highs. This decline was driven by weaker exports to Japan, Korea, and China, though the US market remained resilient. 📉 Market Situation: Economic challenges across Asia tempered demand, while US exports thrived due to tighter domestic supplies and strong demand, aided by reduced competition from New Zealand. 📈 Key Market Movements: US-bound exports surged to their highest level since 2015, growing 59.2% year-on-year (y-o-y). Meanwhile, volumes to Japan and Korea eased in Aug 2024, with China also seeing a reduction due to safeguard concerns. ➡️ For more insights into Australia’s beef export trends, stay connected with Expana. #Expana #BeefTrade #Agriculture #MarketTrends #UrnerBarry

🇦🇺 ANALYSIS: Australia’s Beef Exports Reach Record High in July 2024 🥩 🌎 Australia’s beef and veal exports surged to a record 129,998 metric tonnes (mt) in July 2024, surpassing the previous high set in May 2015. 📈 Volumes soared a staggering 33.6% year-on-year, driven by a shortage of domestic beef in the United States, pushing US buyers to seek out Australian beef. This demand boost has resulted in a year-to-date increase of 27.0%, with a monthly average of 104,487 mt. 📉 Domestic consumption in Australia has been tempered by the cost-of-living crisis, leading processors to focus even more on international markets for better returns. Additionally, decreased production in New Zealand due to its off-peak culling season has enhanced Australia’s competitive position. 🌐 Market Dynamics: China’s imports have been affected by economic concerns but offset by trade ban lifts, while exports to Japan and Korea have shown significant growth due to reduced US supply and a tourism boom. ➡️ Explore more insights into Australia’s beef export trends and market dynamics right here at Expana. #Expana #BeefTrade #Agriculture #MarketTrends #UrnerBarry

🇳🇿 ANALYSIS: Production Shortfall Drives New Zealand's August 2024 Beef Exports to 10-Month Lows 🥩 🌏 Driven primarily by the country's off-peak season, New Zealand's August 2024 beef exports dropped 18.2% m-o-m to 31,741 mt, reaching their lowest level since October 2023. 📉 Exports were down 25.2% y-o-y as drought-induced destocking in the South Island contributed to lower cattle numbers for production. 📈 Key Market Movements: The US remained New Zealand's top destination, but volumes dropped for the third consecutive month. Exports to China hit their lowest level since February 2020, while Japan's impressive YTD growth slowed. ➡️ Stay updated for more insights into New Zealand's beef trade dynamics. #Expana #BeefExports #NewZealand #MarketTrends #UrnerBarry

News of five major Australian beef exporters resuming trade with China marks a significant development, signaling a further easing of trade tensions. This milestone involves producers previously restricted since 2020 and represents a trading value close to $1 billion. As trade barriers lessen and relationships strengthen, GLOSTA recognizes the potential for renewed and expanded global trade frameworks. We support endeavors that enhance mutual economic growth and sustainable international partnerships. #GlobalTrade #AustraliaChina #BeefExports #EconomicDevelopment

I’m watching this political development with great interest as Supply Management advocacy and NAFTA/CUSMA negotiations were significant files in the years I worked in agricultural policy. Whether or not Trump or Harris emerge victorious, Canada is in for a rough run on the trade front in coming years. It’s certainly my hope that domestic living cost increases don’t break down public support for supply management. It has kept domestic farming of the SM5 ag sectors sustainable despite predictory US ag policies. It keeps US imports at arms length and as we enter a time of prolonged trade challenges I would argue that makes it all the more important. The Senators holding up the bill mentioned in this article should get back to operating within their mandate.

The U.S. beef industry is facing tough times, and not even Donald Trump’s return to the White House can change that. A severe cattle shortage, worsened by years of drought, high costs, and fewer ranchers rebuilding herds, has driven up grocery prices and hurt meat processors. Trump’s immigration policies and potential tariffs add more uncertainty. Meatpacking jobs, often filled by immigrants, could see higher costs and labor shortages due to stricter enforcement. Tariffs on imported beef might help U.S. ranchers in the long term by encouraging herd expansion, but they could also raise prices for consumers in the short term, pushing them toward other meats like chicken. Interested to hear your thoughts on just how much the rising beef prices and potential policy changes will impact the beef industry over the next 2-4 years...

In the Dec. 10 issue of Milling & Baking News read how #tarrifs might impact US agriculture, how The J.M. Smucker Co. plans to invigorate its Hostess Brands business and how ADM is approaching financial reporting going forward.

Mexico’s demand for U.S. beef continues to expand despite the recent devaluation of the peso. July beef exports to Mexico were the largest this year at 21,081 mt, up 19% from a year ago, with export value climbing 17% to $122.5 million – the highest in nearly four years. Mexico remains the leading volume destination for U.S. beef variety meat. #USMEF #BeefCheckoff

Breaking news: Australia’s two last remaining beef processing plants delisted from the China export market have been re-added to the active trading list overnight Read for free 👉 https://loom.ly/HYNrmnY #beefcentral #beef #cattle #processing

There are debates about how to measure emissions. We have the tech to collect the data and rank with a variety of measures. Get the information then make the decision. That said, everyone everywhere will never agree. Watching singing competitions that reinforce that fact. Preferences differ. In the context that everyone, everywhere won’t agree, what’s the best strategy for farmers given the preferences that have been revealed or expected trends #revealedpreference #climate #agecon