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USDA International Meat Review


26 October 2012

USDA International Meat Review - 25 October 2012USDA International Meat Review - 25 October 2012


USDA International Meat Review

Trade Highlights

US Red Meat Exports Including Variety Meats Beef & Veal Exports for August 2012

*The year-to-date totals include variety meats.
Source: USDA Foreign Agricultural Service/U.S. Census Bureau

Recently, the USDA Foreign Agricultural Service (FAS) published U.S. red meat export and import statistics for August 2012. According to the data, U.S. exports of beef and veal cuts and beef variety meats during August totaled 100,471 MT. This was 7.8 percent lower than the previous month and was 13.5 percent lower than August 2011. More specifically, exports of fresh, chilled beef equaled 31,744 MT, which was 8.9 percent less than the previous month and was 25.3 percent less than August 2011. Exports of frozen beef equaled 39,079 MT, which was 1.3 percent more than the previous month but was 3.7 percent less than August 2011. U.S. beef variety meat exports during August totaled 26,490 MT, which was down 18.7 percent from the previous month and was down 10.3 percent from August 2011. Total year-to-date beef variety meat exports were 8.7 percent below a year ago, amounting to 216,961 MT. During August, the U.S. exported 18,172 MT of beef to Mexico. This was down slightly from the previous month. Year-to-date beef exports to Mexico totaled 140,227 MT, 17.5 percent less than last year. Mexico was the largest beef export market for the U.S. with 18.5 percent of the total. Beef exports to Canada during August fell 14.7 percent from July to 14,046 MT. Total year-to-date beef exports to Canada were 14.8 percent lower than a year ago, amounting to 111,372 MT. During August, the U.S. exported 17,588 MT of beef to Japan, which was 5.9 percent lower than the previous month. Year-to-date beef exports to Japan were nearly unchanged from a year ago, amounting to 108,720 MT. Overall, U.S. total year-to-date beef and veal and beef variety meat exports equaled 759,908 MT, which was 11.2 percent below the same period a year ago.

US Red Meat Exports Including Variety Meats Pork Exports for August 2012

*The year-to-date totals include variety meats.
Source: USDA Foreign Agricultural Service/U.S. Census Bureau

U.S. exports of pork cuts and pork variety meats during August totaled 171,881 MT, which was up 6.1 percent over July but was down 5.8 percent from August 2011. More specifically, fresh, chilled pork exports totaled 58,649 MT, which was up 10.3 percent over the previous month and was up 29.0 percent over August 2011. Frozen pork exports totaled 68,883 MT, which was up slightly over the previous month but was down 13.9 percent from August 2011. U.S. pork variety meat exports during August rose 7.1 percent over the previous month to 29,786 MT. However, this was 18.6 percent lower than August 2011. Year-to-date pork variety meat exports totaled 257,631 MT, which was 15.9 percent below a year ago. U.S. pork exports to Mexico during August rose 11.8 percent over the previous month to 50,190 MT. Total year-to-date pork exports to Mexico were 13.7 percent greater than last year, amounting to 382,103 MT. Mexico was the main U.S. pork export market with 26.4 percent of the total. During August, the U.S. exported 39,690 MT of pork to Japan, which was 11.0 percent more than the previous month. Year-to-date pork exports to Japan totaled 307,390 MT, 6.4 percent less than a year ago. Pork exports to China during August totaled 25,158 MT, which was a little higher than the previous month. Year-to-date pork exports to China were 24.7 percent more than last year, amounting to 222,982 MT. Overall, U.S. total year-to-date exports of pork cuts and pork variety meats equaled 1,449,976 MT, 2.5 percent higher than the corresponding period a year ago. Additional U.S. trade data can be found on the FAS website http://www.fas.usda.gov/gats/.

Recently USDA FAS released its bi-annual publication, Livestock and Poultry: World Markets and Trade. According to the report, 2013 total world beef and veal production is forecast at 57.53 MMT. This is slightly higher than 2012. Expansion in India, Brazil and Argentina more than offset lower production in the U.S. and the EU. U.S. beef production during 2013 is forecast at 11.27 MMT, which is down 3.7 percent from 2012 due to tighter supplies of cattle and declining inventories. The U.S. is expected to remain the world’s leading beef producing nation. Brazil is projected to be the second largest beef producing country in 2013 with a record 9.38 MMT, which is 1.8 percent more than 2012 because of strong domestic and international demand. Total 2013 world beef and veal exports are expected to increase 7.6 percent over 2012 to 8.96 MMT. India is expected to step up and be the largest beef exporting country in 2013 with a record 2.16 MMT, which is 28.6 percent greater than 2012. India now accounts for nearly a quarter of the world beef trade. The rapid expansion is due to demand for low cost product in many smaller, emerging and price sensitive markets such as the Middle East and Africa. Brazil’s beef exports during 2013 are projected to total 1.45 MMT, which is up 4.0 percent over 2012. Brazil is the second largest beef exporting country. Brazil can export to countries that India cannot due to foot-and-mouth disease (FMD), which will maintain Brazil’s position in many key markets. Beef exports from Australia during 2013 are expected to reach 1.41 MMT, 2.2 percent more than 2012. During 2013, beef exports from the U.S. are projected to decrease 1.2 percent from 2012 to 1.11 MT. During 2013, world beef and veal imports are forecast to reach 6.98 MMT, 4.4 percent more than 2012. The U.S. is forecast to be the primary beef importing country in 2013 with 1.19 MMT, which is 11.1 percent above 2012 due to tight domestic supplies. Russia, the second largest beef importing nation, is expected to import 1.08 MT of beef, which is up nearly 1.0 percent over 2012. Japan’s beef imports during 2013 are forecast at 750,000 MT, up a little over 2012. Meanwhile, FAS forecast 2013 world pork production at a record 104.71 MMT, which is up a little over 2012. Rising feed costs will only be partially offset by improving efficiencies and government programs in some countries. During 2013, China’s pork production is projected to reach a record 52.00 MMT, 1.2 percent higher than 2012. China is the world’s leading pork producing nation with nearly half of the pork production. Pork production in the European Union, the second largest pork producing country, during 2013 is forecast at 22.63 MMT. This is down slightly from 2012 due to rising feed costs and animal husbandry requirements. U.S. pork production during 2013 is expected to fall 1.3 percent from 2012 to 10.44 MMT. World pork exports in 2013 are projected to total 7.34 MMT, which is 1.4 percent higher than 2012. U.S. pork exports during 2013 are forecast to equal 2.45 MMT, up a little over 2012 because of strong demand from Mexico and Russia. The U.S. is the leading pork exporting country. The EU is projected to export 2.38 MMT of pork during 2013, which is 4.2 percent more than 2012 due to strong demand from Russia and China. During 2013, Canada is expected to export 1.20 MMT of pork, which is down 4.4 percent from 2012, following a record year. The decrease is due to limited supplies and unfavorable exchange rates. During 2013, world pork imports are forecast at a record 6.83 MMT, 1.3 percent greater than 2012 due to increasing demand. Japan, the main pork importing nation, is expected to import 1.26 MMT of pork during 2013. This is unchanged from 2012 as demand is softened by slow income growth. During 2013, Russia’s pork imports are expected to increase 2.6 percent over 2012 to 1.00 MMT. U.S. pork imports during 2013 are forecast at 363,000 MT, 1.1 percent less than 2012. To view the complete report, go to the FAS website at http://www.fas.usda.gov/livestock_arc.asp.

North America

On October 22, the USDA National Agricultural Statistics Service (NASS) released its monthly Cold Storage report. According to the data, beef in U.S. cold storage on September 30, 2012 equaled 425.6 million pounds. This was down slightly from a year ago and was down 2.5 percent from the five year average. Beef stocks have decreased each month for the past five months. Specifically, boneless beef in cold storage totaled 353.6 million pounds, 3.2 percent lower than a year ago. Beef cuts in storage equaled 72.0 million pounds, which was 15.6 percent higher than last year. Meanwhile, U.S. pork in cold storage as of September 30 totaled 630.7 million pounds. This was 28.2 percent greater than a year ago and was 22.6 percent greater than the five year average. More specifically, hams in cold storage equaled 213.9 million pounds, 30.6 percent more than last year. The volume of pork bellies in storage increased 79.5 percent over last year to 16.7 million pounds. The volume of pork loins in cold storage rose 22.9 percent over a year ago to 32.1 million pounds. Pork ribs in storage totaled 64.4 million pounds, 42.0 percent greater than a year ago. Pork trimmings in storage equaled 48.5 million pounds, which was 30.8 percent more than last year. The complete report can be found on the NASS website at http://www.nass.usda.gov/.

Canadian Cattle On Feed in Alberta & Saskatchewan Feedlots

Source: CanFax

Recently, CanFax released Canada’s current cattle on feed numbers for terminal feedlots with 1,000 or more head in the provinces of Alberta and Saskatchewan. According to the data, on October 1, 2012, Canada’s cattle on feed totaled 577,077 head. This was 18.6 percent lower than one year ago and was 23.4 percent lower than the five year average. During September, 227,401 head of cattle were placed on feed. This was 11.4 percent less than one year ago and was 15.5 percent less than the five year average. The number of steers placed on feed totaled 135,140 head, which accounted for 59.4 percent of the total. Heifers placed on feed totaled 92,261 head. Placements of feeder cattle declined in each weight category from a year ago. More specifically, placements of feeder cattle weighing less than 600 pounds equaled 9,732 head, 20.6 lower than last year. Placements weighing 600 to 699 pounds were down 41.2 percent from a year ago, amounting to 8,096 head. Placements weighing 700 to 799 pounds totaled 24,254 head, which was 24.3 percent less than last year. Finally, placements of feeder cattle weighing more than 800 pounds were down 6.7 percent from a year ago, totaling 185,319 head. Meanwhile, Canada’s fed cattle marketings during September fell 21.2 percent from one year ago to 129,507 head. Also, this was 25.4 percent less than the five year average. To obtain the entire report, visit the CanFax website at http://www.canfax.ca/.

US Cattle on Feed

Source: USDA National Agricultural Statistics Service

On October 19, USDA NASS published its monthly Cattle on Feed report. According to the numbers, on October 1, 2012, cattle and calves on feed for the U.S. slaughter market for feedlots with a capacity of 1,000 or more head totaled 10.99 million head. Although this was 2.6 percent lower than one year ago, it was 1.9 percent higher than two years ago. During September, the number of cattle placed on feed equaled 2.00 million head, which was 18.8 percent less than one year ago and was 18.6 percent less than two years ago. Additionally, this was the lowest placements for the month of September since the series began in 1996. Steers and steer calves placed on feed totaled 6.96 million head, which was a little higher than a year ago. This accounted for 63.3 percent of the total placements. Heifers and heifer calves placed on feed totaled 3.97 million head, which was 7.7 percent less than a year ago. Placements of feeder cattle in each weight category declined from a year ago. More specifically, placements of feeder cattle weighing less than 600 pounds totaled 515,000 head, which was 24.8 percent less than a year ago. Placements weighing 600 to 699 pounds were down 14.5 percent from last year, totaling 355,000 head. Placements of feeder cattle weighing 700 to 799 pounds totaled 444,000 head, 11.9 percent lower than a year ago. Placements weighing more than 800 pounds were 20.2 percent lower than last year, amounting to 690,000 pounds. Meanwhile, during September, fed cattle marketings totaled 1.60 million head, which was down 11.9 percent from one year ago and was down 11.3 percent from two years ago. Also, this was the second lowest marketings for the month of September since the series began. The complete report can be found on the NASS website at http://www.nass.usda.gov/.

Pacific Rim

According to Meat & Livestock Weekly, a publication by Meat & Livestock Australia, the Korean Ministry for Food, Agriculture, Forestry and Fisheries (MIFAFF) announced that it will attempt to stabilize the domestic cattle and hog markets in response to the continuing price declines and increasing livestock numbers. Korea’s cattle herd reached record numbers this year at 3.5 million head, while hog inventories increased from 7 million head in early 2011 to 9.4 million head in June 2012. The Korea government stated its intentions to slaughter 130,000 head of cows in the second half of 2012 and promote local beef through discounts. Additionally, the government intends to slaughter 80,000 head of low producing sows and 100,000 head of young pigs. The government will also promote pork consumption through discounting.

South Korea Red Meat Imports
Beef Imports for September 2012

Source: Korea International Trade Association

The Korea International Trade Association (KITA) recently released South Korea’s beef and pork import data for September 2012. According to the numbers, South Korea’s beef imports during September totaled 22,348 MT. This was 16.6 percent lower than the previous month and was 24.6 percent lower than September 2011. More specifically, frozen beef imports equaled 18,775 MT, which accounted for 84.0 percent of the total. Fresh, chilled beef imports totaled 3,573 MT, of which Australia’s share was 85.3 percent. During September, South Korea’s beef imports from Australia totaled 11,518 MT. This was down 11.3 percent from August and was down 22.8 percent from September 2011. During the first three quarters of the year, South Korea imported 97,414 MT of beef from Australia, which was 15.0 percent less than a year ago. Nonetheless, Australia was South Korea’s main source for beef imports with 49.7 percent of the total. Imports of beef from the U.S. during September totaled 8,453 MT. This was 21.3 percent less than the previous month and was 21.2 percent less than September 2011. During the first three quarters of the year, South Korea’s beef imports from the U.S. were 15.3 percent below last year, amounting to 74,160 MT. The U.S. was South Korea’s second largest beef import market with 37.9 percent of the total. During September, South Korea imported 2,236 MT of beef from New Zealand. This was down 17.9 percent from the previous month and was down 35.2 percent from September 2011. Year-to-date beef imports from New Zealand equaled 21,064 MT, 24.1 percent less than a year ago. Overall, South Korea’s total beef imports during the first three quarters of 2012 equaled 195,916 MT, 16.1 percent below the same period a year ago. Meanwhile, during September, South Korea imported 27,283 MT of pork, which was down 2.1 percent from August and was down 23.7 percent from September 2011. South Korea’s pork imports from the U.S. during September fell 9.2 percent from the previous month to 8,124 MT. However, this was 5.8 percent higher than September 2011. Total year-to-date pork imports from the U.S. equaled 99,094 MT, 23.9 percent below a year ago. The U.S. was the primary supplier of pork to South Korea with 32.6 percent of the total imports. During September, pork imports from Canada equaled 4,415 MT. This was down 3.3 percent from the previous month and was down 3.1 percent from September 2011. During the first three quarters of the year, South Korea imported 45,558 MT of pork from Canada, which was 29.5 percent less than last year. South Korea’s pork imports from Chile during September fell 3.8 percent from the previous month and 16.1 percent from September 2011 to 3,205 MT. Total year-to- date pork imports from Chile equaled 28,481MT, 13.1 percent lower than last year. Overall, during the first three quarters of 2012, South Korea imported 303,592 MT of pork, which was 23.7 percent below the corresponding period a year ago. To obtain further data on South Korea’s red meat trade, visit the KITA website at http://www.kita.org/.

October 2012

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