China's recovery, a reduced US herd and increased export opportunities; the stage for world livestock

Published 2023년 3월 6일

Tridge summary

The Chinese market is expected to significantly impact the global beef industry in 2023, with borders reopening and imports of bovine meat projected to increase by 2.1% to a total of 3.5 million tons. This is due to rising consumption within the country. However, meeting international demand may pose challenges, especially with the US meat industry participating less due to a decrease in its cattle herd, which is at its lowest level since 1962. This could lead to a contraction in the market and reduced supplies. Despite the US's reduced contribution, production is expected to remain stable in the first quarter of 2023, largely due to contributions from Australia and Brazil.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In Rabobank they projected that a determinant for the world beef industry in 2023 will be the Chinese market, where the borders are being opened after three years closed as a measure to mitigate the advance of Covid-19 (coronavirus). This could lead to greater opportunities for the main exporters to diversify their shipments, especially towards the second half of the year, when demand from the Asian country is expected to increase. Estimates from the United States Department of Agriculture (USDA) indicated that this year Chinese imports of bovine meat will total 3.5 million tons, for a year-on-year increase of 2.1%, this to cover a consumption of 10.8 mt. In the financial entity of the Netherlands, they predicted that this year there will also be difficulties in meeting international demand, a situation largely caused by a lower participation of the US meat industry, due to a reduction in its herd of cattle. YOU MAY BE INTERESTED: Mexican livestock farming is sustainable, but ...

Source: Ganaderia