Beef imports into U.S. remain flat
Those who watch international trends in the beef business note that the demand for beef imports to the U.S. has been flat for the past three years. There are a number of reasons for that, according to Derrell Peel, Extension livestock marketing economist at Oklahoma State University.
Australia continues to struggle with widespread drought coupled with livestock losses due to regional flooding, Peel says. These are causing reductions in cattle inventories, beef production and exports, according to the Oklahoma Farm Report.
"Moreover, a recent article published in Australia notes that China is now largest beef importing country (including unofficial and official imports) and that China has replaced the U.S. as the principal driver of world beef prices. As a result, there is less of a tendency for international beef supplies to flow to the U.S.”
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