U.S. meat exports to China continue to grow

Published 2021년 12월 9일

Tridge summary

US beef exports to China have seen a significant increase since the latter half of 2020, reaching record levels in August and September of the same year. This trend is expected to persist into 2022, potentially impacting the North American herd. In the first nine months of 2021, China imported nine times more U.S. beef than the previous year. The recent surge in beef sales is attributed to China's preparation for the Chinese New Year and the 2022 Winter Olympics. Rabobank predicts a 2-4% rise in U.S. beef exports in 2022, with China being the third-largest export destination after Japan and South Korea.

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

Original content

US meat exports to China have been on the rise since the middle of last year and the trend has been accelerating at a much faster rate. According to Rabobank, this growth will continue in 2022, which will nonetheless impact the North American herd. The Livestock Marketing Information Center, cited by KPVI, reported that U.S. beef exports have been on a steady rise since the second half of 2020. "During the first 3 quarters of the year, the US has shipped 394.5 million pounds (about 179,000 t) to China, nine times more than the same period last year," he said. (Read: Amid the pandemic, the United States has managed to export more meat to China) He added that China was classified as one of the main destinations since March, becoming the third destination after six months: “In September, China accounted for 18.1% of total exports for the month, behind South Korea (22 , 4%) and Japan (24%) ”. U.S. beef exports to China in August set a record, and the following month was the ...

Source: MXContexto