News
Australia leading beef exporter to US 18 Jun 2009
There is a significant increase in beef imports from Australia, increasing 55 percent year-to-date through April.
The United States is expected to import 2.839 billion pounds of beef in 2009, a 12-percent increase from last year.
Markets for beef in South Korea, Russia, and Japan have declined so far this year, but Australian producers have been able to increase their total exports by sending more beef to the United States. Russia has begun to make a modest recovery in beef imports in recent months; however US Customs data shows that Australian beef continues to come to the United States at well above last year’s pace.
According to CanFax, Canadian feedlots in Alberta and Saskatchewan maintained their inventories just above 2008 levels, but saw lower placements and marketings in April and May. If these economic conditions continue, there could be more Canadian cattle sent to feedlots and packing plants in the United States, reducing Canadian beef supplies available for domestic consumption or to be exported to the United States.
Imports from New Zealand are also expected to continue to be higher than last year, up three percent through April. Cattle slaughter in New Zealand has increased through April, driven by increased cow slaughter. The drop in international dairy prices has forced dairy producers to cull more cows than is usual to reduce milk production. This means that there are more animals being sent to the beef production complex than in a typical year.
In 2010, the United States is expected to import 2.975 billion pounds of beef, a 5-percent increase. Commercial non-fed beef production is expected to decrease in the US, allowing foreign beef producers to supply more beef.
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