U.S. international meat trade looks positive

International meat trade moderates effects of increased U.S. meat production as exports grow and imports shrink.

October 11, 2016

1 Min Read
U.S. international meat trade looks positive

The latest international meat trade data is generally positive.

U.S. meat exports continued to grow, year-over-year, in the latest trade data for August. Beef exports were up 29.5% from last year, along with pork exports up 11.4% and broiler exports up 16.7%.

Additionally, beef imports were down 16.0% in August, while cattle imports were down 18.0%, compared with levels one year ago. Total U.S. red meat and poultry production in 2016 is projected to increase 2.7% over 2015 levels. However, nearly half of that increase is expected to move off-shore, with net meat exports projected to increase 11.5% compared with 2015. This will hold domestic meat consumption to a projected 1.3% year over year increase.

Beef leads the way in 2016 with production projected to increase roughly 4.6% over year-ago levels. In terms of quantity, the U.S. will continue to be a net beef importer in 2016, but a nearly 60% decrease in net beef imports will limit domestic beef consumption to a projected increase of 1.7%

To read the entire article, click here.


You might also like:

Young ranchers, listen up: 8 tips from an old-timer on how to succeed in ranching

13 utility tractors that will boost efficiency in 2016

Burke Teichert: How to cull the right cow without keeping records

3 weaning methods compared; Which one rises to the top?

Subscribe to Our Newsletters
BEEF Magazine is the source for beef production, management and market news.

You May Also Like