Outlook for US meat exports for the end of the year and 2023

Published 2022년 11월 3일

Tridge summary

The US meat export industry has seen record sales in 2022 but is now facing challenges due to inflation and the possibility of a recession. Factors such as a potential decrease in cattle inventory and reduced purchases abroad due to consumer income shrinkage are causing concern. The strong dollar and increased shipping costs are also posing challenges for exporters. However, the stable currency against the dollar in Mexico has aided sales. The USDA's report indicating smaller cattle inventories and the disappearance of the backlog in the meat supply chain are positive signs for the industry.

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

Original content

After record sales in 2022, the care export industry in the United States faces the uncertainty of inflation and a possible recession. Faced with a possible fall in cattle inventory and fewer purchases abroad, this is how meatpackers are preparing to overcome the crisis. After an excellent year for meat exports from both North America and Mercosur, the industry will face a late reality that has already affected other basic products: inflation, warned the Food Ingredients First portal (in English). Some meat exporters have posted record sales so far this year, but challenges are now beginning to emerge and tensions in the meat market are expected to emerge soon. (Read: Most of the meat in the US comes from this bovine breed) "We've been watching inflation since last November and it hadn't affected US beef and pork demand. But starting this summer it started to have a more significant impact on consumer spending," said Erin Borror. , vice president of economic analysis for the US ...

Source: MXContexto