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USDA International Meat Review


23 June 2014

USDA International Meat Review - 19 June 2014USDA International Meat Review - 19 June 2014


USDA International Meat Review

Trade Highlights

The USDA Foreign Agricultural Service (FAS) recently released April 2014 red meat import numbers for the U.S. According to the data, U.S. beef and veal imports during April rose 10.6 percent over the previous month and rose 17.2 percent over April 2013 to 90,811 MT. More specifically, fresh, chilled beef imports totaled 30,693 MT, which was 13.3 percent lower than the previous month but was 15.9 percent higher than April 2013. Frozen beef imports totaled 57,731 MT, which was 30.8 percent higher than the previous month and was 20.2 percent higher than April 2013. U.S. beef imports from Australia during April rose 56.1 percent over March to 32,140 MT. Year-to-date beef imports from Australia were 26.4 percent more than a year ago, totaling 81,566 MT. Australia was the main source for U.S. beef imports with 28.0 percent of the total. During April, the U.S. imported 24,278 MT of beef from New Zealand, which was 12.6 percent higher than the previous month. Total year-to-date beef imports from New Zealand equaled 76,447 MT, 4.9 percent less than last year. Beef imports from Canada during April fell 17.6 percent from the previous month to 17,404 MT. Year-to-date beef imports from Canada were 9.0 percent more than last year, amounting to 67,413 MT. Overall, U.S. total year-to-date beef and veal imports reached 290,990 MT, which was 5.6 percent above the same period a year ago. Demand for imported beef will remain strong as U.S. beef production is expected to be lower.

During April, the U.S. imported 33,864 MT of pork. This was 1.8 percent lower than the previous month but was 12.7 percent higher than April 2013. Specifically, imports of fresh, chilled pork equaled 20,656 MT, which was down 5.5 percent from the previous month but was up 10.0 percent over April 2013. Imports of frozen pork equaled 9,475 MT, which was up 6.2 percent over the previous month and was up 25.7 percent over April 2013. During April, pork imports from Canada fell 3.5 percent from March to 26,216 MT. Total year-to-date pork imports from Canada equaled 99,590 MT, 2.5 percent higher than last year. Canada was the largest supplier of pork to the U.S. with 79.0 percent of the total. Pork imports from Denmark during April equaled 3,551 MT, which was unchanged from the previous month. Year-to-date pork imports from Denmark totaled 11,851 MT, 27.3 percent above a year ago. Overall, U.S. total year-to-date pork imports equaled 126,009 MT, which was 5.9 percent more than the corresponding period a year ago. To obtain further U.S. trade data, go to the FAS website http://www.fas.usda.gov/gats/.

Recently, the World Trade Organization (WTO) released its WTO Annual Report 2014. The annual report provides an overview of WTO activities in 2013 and early 2014. A summary of the year is followed by a detailed review of WTO’s main areas of activity. To view the entire report, visit the WTO website at http://wto.org/english/res_e/publications_e/anrep14_e.htm.

On June 17, USDA Secretary Vilsack announced that the U.S. and Hong Kong have agreed on new terms and conditions which will expand exports of U.S. beef and beef products to Hong Kong. Under the new agreement, Hong Kong will allow the import of all U.S. beef and beef products, consistent with access prior to December 2003, when the U.S. found bovine spongiform encephalopathy (BSE). The new terms are effective immediately. To read the entire press release, visit the USDA website at http://www.usda.gov/.

Pacific Rim

Recently, Japan’s Agriculture and Livestock Industries Corporation (ALIC) published Japan’s red meat import numbers for April 2014. According to the data, Japan’s beef imports during April rose 24.1 percent over March to 45,768 MT. This was little changed from April 2013. Specifically, imports of frozen beef equaled 26,296 MT, which was 28.8 percent higher than the previous month and was 5.9 percent higher than April 2013. Imports of fresh, chilled beef equaled 19,403 MT, which was 18.1 percent higher than the previous month but was 7.0 percent lower than April 2013. Beef imports from Australia during April rose 45.0 percent over the previous month and rose 13.9 percent over April 2013 to 27,370 MT. Total year-to-date beef imports from Australia equaled 83,979 MT, which was 6.1 percent less than a year ago. Australia was the largest beef import market for Japan with 55.2 percent of the total. During April, Japan imported 14,261 MT of beef from the U.S. This was down 3.8 percent from the previous month and was down 9.0 percent from April 2013. Year-to-date beef imports from the U.S. were 33.7 percent greater than a year ago, totaling 54,380 MT. During April, Japan imported 2,534 MT of beef from New Zealand. This was 16.8 percent more than the previous month but was 11.2 percent less than April 2013. Total year-to-date beef imports from New Zealand were 5.9 percent higher than last year, amounting to 8,940 MT. Overall, Japan’s total year-to-date beef imports equaled 152,112 MT, which was slightly higher than the same period a year ago. During March, Japan’s beef marketings equaled 68,779 MT, which was down slightly from the previous month and was down slightly from a year ago. Marketings of imported beef totaled 40,790 MT, 5.8 percent higher than a year ago. Domestic beef marketings were down 8.6 percent from last year, amounting to 27,989 MT. At the end of March, Japan’s beef stocks equaled 107,176 MT. This was down 3.8 percent from the previous month but was up 25.4 percent over a year ago. Imported beef stocks were 26.8 percent more than a year ago, totaling 95,169 MT. Stocks of domestic beef equaled 12,007 MT, 15.3 percent higher than last year.

Japan’s pork imports during April rose 17.5 percent over the previous month and 17.4 percent over April 2013 to 72,750 MT. This was the highest single month volume since October 2012. More specifically, frozen pork imports totaled 44,666 MT, which was up 20.8 percent over the previous month and was up 19.0 percent over April 2013. Likewise, fresh, chilled pork imports were up 12.6 percent over the previous month and were up 14.9 percent over April 2013, amounting to 28,084 MT. Pork imports from the U.S. during April equaled 25,789 MT. This was 23.5 percent more than the previous month and was 8.8 percent more than April 2013. Year-to-date pork imports from the U.S. were 4.1 percent below last year, totaling 90,047 MT. The U.S. was the primary provider of pork to Japan with 34.8 percent of the total imports. During April, Japan imported 12,029 MT of pork from Canada, which was 3.8 percent higher than March and was 1.8 percent higher than April 2013. Total year-to-date pork imports from Canada equaled 47,627 MT, 18.4 percent more than last year. During April, Japan’s pork imports from Denmark rose 34.7 percent over the previous month and 42.9 percent over April 2013 to 13,183 MT. Also, this was the largest monthly volume since August 2012. Year-to-date pork imports from Denmark totaled 44,120 MT, 17.1 percent higher than a year ago. Overall, Japan’s total year-to-date pork imports equaled 258,536 MT, 7.1 percent above the corresponding period a year ago. During March, Japan’s pork marketings rose 1.1 percent over the previous month to 135,394 MT. However, this was down 1.2 percent from a year ago. Marketings of imported pork totaled 60,397 MT, 2.1 percent less than last year. Marketings of domestic pork were slightly lower than a year ago, equaling 74,998 MT. Japan’s pork stocks at the end of March equaled 162,291 MT, which was up a little over the previous month but was down 7.0 percent from a year ago. Stocks of imported pork totaled 140,433 MT, 7.1 percent lower than last year. Domestic pork stocks fell 6.7 percent from a year ago to 21,858 MT. Additional data on Japan’s red meat trade is available on the ALIC website at http://lin.alic.go.jp/alic/statis/dome/data2/e_nstatis.htm.

Recently, the Korea International Trade Association (KITA) published South Korea’s beef and pork import numbers for May 2014. According to the data, during May, South Korea’s beef imports fell 17.2 percent from April to 20,239 MT. Also, this was a little lower than May 2013. Specifically, imports of frozen product equaled 16,772 MT, which comprised 82.9 percent of the total. Fresh, chilled product equaled 3,466 MT. South Korea’s beef imports from Australia during May totaled 11,280 MT. This was down 13.5 percent from the previous month and was down slightly from May 2013. Year-to-date beef imports from Australia totaled 62,103 MT, 7.3 percent more than last year. Australia was the leading beef import market for South Korea with 53.7 percent of the total. During May, South Korea imported 6,906 MT of beef from the U.S., which was 23.5 percent lower than the previous month but was 5.0 percent higher than May 2013. Total year-to-date beef imports from the U.S. were up 13.2 percent over a year ago, amounting to 42,698 MT. During May, beef imports from New Zealand fell 16.3 percent from the previous month and 15.1 percent from May 2013 to 1,846 MT. Year-to-date beef imports from New Zealand were 18.7 percent less than last year, totaling 9,907 MT. Overall, South Korea’s total year-to-date beef imports equaled 115,673 MT, 6.2 percent greater than the same period a year ago. In the meantime, during May, South Korea imported 28,372 MT of pork. Although this was down 10.3 percent from the previous month, it was up 13.6 percent over May 2013. During May, pork imports from the U.S. fell 15.8 percent from the previous month to 10,056 MT. However, this was 12.6 percent higher than May 2013. Total year-to-date pork imports from the U.S. equaled 53,422 MT, 1.1 percent more than a year ago. The U.S. was the primary supplier of pork to South Korea with 36.7 percent of the total imports. South Korea’s pork imports from Germany during May totaled 4,418 MT. This was 21.1 percent less than the previous month but was 47.9 percent more than May 2013. Year-to-date pork imports from Germany were 66.1 percent greater than last year, amounting to 21,528 MT. During May, South Korea imported 2,987 MT of pork from Canada, which was 27.1 percent higher than April but was 19.4 percent lower than May 2013. Year-to-date pork imports from Canada totaled 14,149 MT, 22.9 percent less than a year ago. Overall, South Korea’s total year-to-date pork imports equaled 145,664 MT, which was 7.6 percent above the corresponding period a year ago. To obtain further data on South Korea’s trade, go to the KITA website at http://www.kita.org/.

North America

CanFax recently published Canada’s current cattle on feed numbers for terminal feedlots with 1,000 head or more in the provinces of Alberta and Saskatchewan. According to the statistics, Canada’s total cattle on feed on June 1, 2014 equaled 888,581 head. This was 8.7 percent more than one year ago and was 1.2 percent more than the five year average. Cattle placed on feed during May totaled 96,464 head. This was 17.4 percent less than one year ago and was 13.8 percent less than the five year average. The number of steers placed on feed totaled 59,518 head, which accounted for 61.7 percent of the total. Heifers placed on feed totaled 36,946 head. Specifically, placements of feeder cattle weighing less than 600 pounds totaled 4,095 head, which was 50.1 percent less than a year ago. Placements of feeder cattle weighing 600 to 699 pounds were up 5.6 percent over a year ago, amounting to 12,773 head. Placements weighing 700 to 799 pounds equaled 19,513 head, 9.3 percent below a year ago. Finally, placements weighing more than 800 pounds totaled 60,083 head, 19.9 percent less than last year. Meanwhile, during May, Canada’s fed cattle marketings fell 1.6 percent from a year ago to 132,979 head. Also, this was 13.0 percent less than the five year average. To view the complete report, go to the CanFax website at http://www.canfax.ca/.

According to data from the USDA Livestock, Poultry and Grain Market News (LPGMN), through May 31, 2014, the U.S. imported 456,294 head of feeder cattle from Mexico. This was little changed from one year ago but was 42.3 percent less than two years ago. Mexican inventories haven’t yet recovered from substantial herd liquidation over the past few years due to severe drought. During the same time frame, feeder cattle imports from Canada totaled 213,902 head, which was 44.6 percent greater than a year ago as high U.S. prices and a favorable exchange rate increased incentives for Canada sellers. Demand for imported cattle is strong with the U.S. cattle herd at its lowest since 1951. Imports of slaughter steers and heifers from Canada were down 3.9 percent from last year, amounting to 186,466 head. Imports of slaughter cows and bulls totaled 149,829 head, 5.3 percent less than a year ago. U.S. feeder pig imports from Canada through May 31 were down 11.0 percent from one year ago, totaling 1,611,435 head. Total slaughter hog imports from Canada equaled 322,490 head, which was 10.6 percent lower than a year ago. To obtain the weekly reports, visit the LPGMN website at http://www.ams.usda.gov/lpsmarketnewspage.

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