Us Beef Import Export China How
In its October Livestock, Dairy, and Poultry Outlook written report, the USDA's Economic Research Service (ERS) indicated that, "U.S. beef exports in August set up a new tape of 325 million pounds, an increase of 57 million pounds, or 21 percent, from a year agone. August'southward increase in beef exports was driven primarily past China'due south strong demand for U.Southward. beefiness. Gaining admission to Prc'southward market in March 2020, coupled with China's low domestic pork supplies and Commonwealth of australia'southward limited exportable beefiness supplies, has worked in the U.Southward. favor.
Since July 2020, monthly exports to People's republic of china accept been tape-large in 10 months. Cathay is now the U.Southward. tertiary-largest beef destination.
"The U.Due south. largest beef exports in August went to Japan, totaling 77 1000000 pounds, up x percent from the previous twelvemonth. Beef exports to Japan from May to August were 13 percent higher compared to the same catamenia a year ago partially due to the lowering of Japan'south tariff rate from 38.5 percentage to 25 pct on April 17. Mexico was some other key trading partner that contributed to the increment in beef exports in August; U.S. beef exports to Mexico were up nine.2 million pounds, or 49 pct, from a year agone when exports were limited by economical weakness in Mexico and Covid-19-related constraints. Year-to-date, United mexican states's share of U.South. beefiness exports has been relatively stable at 9 per centum.
"In contrast, lower year-over-year beef exports were shipped to four of the vii major U.Due south. beef destinations in August. Exports to Republic of korea, the 2nd-largest U.South. beef destination, were 6.7 million pounds or nine percentage lower, accounting for the majority of the reduction amongst the major U.S. beef destinations. U.South. beef exports to Hong Kong were down 26 pct or four.5 million pounds from a year agone, while key trading partners Taiwan and Canada were 2.nine and 1.vi million pounds lower year over yr, respectively. The fourth-quarter forecast for beef exports was unchanged from last month. The annual beef export forecasts for 2021 and 2022 were also unchanged from last month at 3.414 and 3.270 billion pounds, respectively."
With respect to U.S. pork exports, ERS stated that, "U.Southward. exports were 526 one thousand thousand pounds in August, down just slightly from a year ago. United mexican states and Japan together accounted for over half of August'south shipments. Major export destinations in August are listed below.
The Outlook explained that, "It is notable that China\Hong Kong's share of Baronial exports declined from 22 percent in 2020 to 11 percent this yr. The Mainland china Ministry of Agriculture's alive squealer price serial show that prices declined to 13.45 yuan per kilogram in the tertiary week of September this twelvemonth—significantly beneath production costs and roughly equivalent to where prices were in 2018, shortly after African Swine Fever had been identified in Northern Mainland china.
"Based on expectations that 2021 Cathay pork supplies will reflect increased domestic product and reduced imports, U.S. export forecasts for the third and fourth quarters of 2021 are reduced by 25 and 110 million pounds, respectively. Total U.S. pork exports are forecast at 7.ii billion pounds, about 1.1 per centum below exports in 2020."
ERS added that, "In recently released production, supply, and distribution information for Red china in 2022, USDA, Foreign Agricultural Service shows a v-percent pass up in pork production to 43.75 one thousand thousand metric tons (MT). To partially offset the refuse, Communist china's pork imports adjacent year are expected to increase past more than than five percent, to almost 4.8 million MT. Coupled with expected import growth in several other of import markets, including Mexico and S Korea, U.Due south. pork exports are raised 105 one thousand thousand pounds next twelvemonth to 7.iv billion pounds, near three percentage in a higher place shipments in 2021. Most of the 2022 increase is expected to occur in the second half of the year."
Source: https://farmpolicynews.illinois.edu/2021/10/china-emerges-as-the-third-largest-market-for-u-s-beef-and-remains-a-key-factor-in-u-s-pork-exports/
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