beef - uc agriculture & natural resources · 2020-02-04 · u.s. beef and variety meat exports...
TRANSCRIPT
Beef
2020 U.S. beef production expected to be record large
Source: USDA/NASS & WASDE estimates
8,000,000
8,500,000
9,000,000
9,500,000
10,000,000
10,500,000
11,000,000
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12,000,000
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Annual U.S. Beef Production
2015: 10.75 MMT, -2.3%2016: 11.44 MMT, +6.4%2017: 11.88 MMT, +3.8%2018: 12.19 MMT, +2.6%2019F: 12.22 MMT, +0.3%2020F: 12.55 MMT, +2.7%
U.S. beef and variety meat exports were record large in 2018 at $8.3 Billion
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MT USD
Source: USDA/FAS
2019e: 1.32 mmt, -2%; $8.1 bil, -2% 2020f: 1.422 mmt, +7%; $9.1 bil, +12%
Value of exports per fed head of cattle slaughtered reached a record $323 in 2018
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Export Value Per Fed Head
2018: $323.14, +13% and a new recordSource: USDA/FAS, fed slaughter
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Percent of Beef & Variety Meat Production Exported
Export share of production also set a record in 2018
Source: USDA/USMEF
Beef export value per head by market
$77.05
$72.14
$41.93
$29.44
$25.25
$21.83 $35.18 Japan
KoreaMexico
China/HKCanada
TaiwanOthers
Jan – Sep 2019 value per head of fed cattle slaughtered = $310.77, -3%
Source: USDA/USMEF, fed slaughter
Japan remains the top value market in 2019, and exports to Korea could reach $2 Billion
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Korea
Mexico
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a
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ASEAN
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January – September Beef/BVM Exports
2017
2018
2019
Million US$
Source: USDA/FAS & USMEF
2017: $5.267 billion, +16%2018: $6.195 billion, +18%2019: $6.100 billion, -2%
Maximizing beef carcass value
Short plates, short ribs, chuck rolls, skirts, middle meats & variety meats to Japan, Korea, Hong Kong, Taiwan & S.E. Asia
Rounds, clods, skirts & variety meats to Mexico
Chuck rolls, rounds, skirts & variety meats to C/S America
Variety meats & middle meats to the Middle East
Full-sets to the EU
Source: USMEF