The USDA predicts a slight decrease in the international bovine meat trade to 12.1 million tons in 2023, primarily due to a drop in demand from China, the world's largest beef importer. This is expected to result in a 14% decrease in US exports, while Brazil and Australia are expected to increase their exports to 2.9 million tons and 1.5 million tons, respectively. Mexico's bovine meat exports are also anticipated to rise by 2.3% to 440,000 tons.