USA: Something important is happening with American cattle, interesting numbers have come in

Published Dec 19, 2024

Tridge summary

The USDA forecasts a 2.1% increase in per capita beef consumption, with a 10.7% rise in beef imports but a 1.7% drop in international beef sales in the last quarter of 2024. Producer prices of beef bulls and slaughter cows are projected to rise by 9.8% and 22.1%, respectively. However, U.S. beef output remains stable, and veal production has decreased by 14%. Hungary has experienced a 1.4% increase in live cattle exports but a 3.9% decrease in their value, primarily to Kosovo, Croatia, Austria, Albania, Poland, and Italy. Live cattle imports to Hungary have surged by 11%, and their value has increased by 8.8%. Despite this, beef exports and imports have seen a decline in the first nine months of 2024.

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

Original content

The forecast calls for a 2.1 percent increase in per capita beef consumption. U.S. beef imports are expected to increase by 10.7 percent in October-December 2024 compared to the same period of the previous year, while international beef sales are expected to fall by 1.7 percent in the period. USDA experts expect a 9.8 percent increase in the producer price of beef bulls and a 22.1 percent increase in the price of slaughter cows during the same period. According to USDA data, U.S. beef output did not change significantly, while veal production decreased by 14 percent in January-September 2024 compared to January-September 2023. Cattle slaughter decreased by 3.3 percent, and the live weight of slaughter animals increased by 2.4 percent. The price of a bull in the United States was 6.52 dollars (USD)/kilogram of cold carcass weight in September 2024, unchanged from a year earlier, according to the Hungarian Livestock Breeders' Association (MÁSZ). According to data from the Central ...

Source: Agronaplo