USDA forecasts decline in global beef production by 2025

Published 2024년 11월 17일

Tridge summary

The USDA forecasts a global drop in beef production by 48,000 tons to 60.9 million tons in 2025, with the United States, Brazil, and the European Union seeing significant reductions. The decrease is attributed to a cattle shortage in the US, Brazil's constrained export expansion, and an EU sector with limited space for growth. Despite this, global beef exports are anticipated to remain steady at 12.9 million tons. The article also highlights country-specific production and import-export dynamics, including China's role as a dominant importer, and Australia's expected production increase. The upcoming years are set to bring challenges and opportunities in the global beef market, including potential price fluctuations.

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

Original content

In 2025, global beef production is expected to fall by nearly 500,000 tons to 60.9 million tons, due to significant declines in the United States, Brazil, and the European Union. This is indicated in the most recent report from the United States Department of Agriculture (USDA), which indicates that after five years of uninterrupted growth, reaching a record production of 61.4 million tons this year, the cycle change that many international analysts have already been anticipating is finally taking place. In the case of Brazil, the first significant drop in production in ten years is expected, with 100,000 of the additional 500,000 tons it is bringing to market this year being cut, going from 11.85 million this year to 11.75 million expected for 2025. The reduction of its livestock stock for the second consecutive year creates limitations that will force it to slightly moderate its export expansion. In the case of the European Union, a reduction of 100 thousand tons of production ...

Source: Agromeat