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USDA International Meat Review


04 August 2014

USDA International Meat Review - 31 July 2014USDA International Meat Review - 31 July 2014


USDA International Meat Review

Trade Highlights

On July 24, South Korea reported an outbreak of foot-and-mouth disease (FMD) with 1,500 head of susceptible hogs. Following, on July 28, South Korea confirmed another case of FMD, also on a hog farm. South Korea had regained the status of a country free of FMD through vaccination just two months ago. The last reported case of FMD in South Korea was on April, 4, 2011. That outbreak led to the slaughter of nearly 3.5 million animals, causing over $2.6 billion in damage.

North America

Recently, CanFax released Canada’s current cattle on feed numbers for terminal feedlots with 1,000 or more head in the provinces of Alberta and Saskatchewan. According to the data, on July 1, 2014, Canada’s cattle on feed totaled 795,079 head. This was 6.3 percent higher than one year ago and was 3.1 percent higher than the five year average. Cattle placed on feed during June equaled 68,611 head. This was up 26.2 percent over one year ago but was down 2.0 percent from the five year average. Steers placed on feed totaled 39,161 head, which comprised 57.1 percent of the total. Heifers placed on feed totaled 29,450 head. More specifically, placements of feeder cattle weighing less than 600 pounds equaled 1,296 head, which was 61.0 percent less than last year. Placements of feeders weighing 600 to 699 pounds totaled 3,006 head, 7.4 percent higher than a year ago. Placements of feeder cattle weighing 700 to 799 pounds increased 38.4 percent over last year to 7,245 head. Feeder cattle placements weighing more than 800 pounds totaled 57,064 head, which was 32.7 percent more than last year. In the meantime, Canada’s fed cattle marketings during June totaled 138,357 head. This was 24.8 percent greater than one year ago but was 10.8 percent less than two years ago. To obtain the entire report, go to the CanFax website at http://www.canfax.ca/.

On July 25, the USDA National Agricultural Statistics Service (NASS) released its monthly Cattle on Feed report. According to the data, on July 1, 2014, cattle and calves on feed for the U.S. slaughter market for feedlots with a capacity of 1,000 or more head equaled 10.13 million head. This was 2.4 percent less than one year ago and was 5.4 percent less than two years ago. The number of cattle placed on feed during June totaled 1.46 million head. This was down 6.2 percent from one year ago and was down 12.6 percent from two years ago. The number of steers and steer calves placed on feed equaled 6.46 million head, 1.1 percent lower than a year ago. This accounted for 63.8 percent of the total number placed on feed. Heifers and heifer calves placed on feed totaled 3.60 million head, which was 4.6 percent lower than a year ago. More specifically, placements of feeder cattle weighing less than 600 pounds were up 27.0 percent over last year, totaling 400,000 head. Placements of feeder cattle weighing 600 to 699 pounds equaled 245,000 head, 8.4 percent more than a year ago. Placements weighing 700 to 799 head were 22.0 percent lower than a year ago, totaling 320,000 head. Finally, placements weighing more than 800 pounds equaled 490,000 head, which was 18.3 percent less than last year. In the meantime, during June, fed cattle marketings totaled 1.85 million head. This was 1.8 percent lower than one year ago and was 6.0 percent lower than two years ago. Additionally, this was the lowest marketings for the month of June since the series began in 1996. To obtain the entire report, visit the NASS website at http://www.nass.usda.gov/.

On July 22, USDA NASS released its monthly Cold Storage report. According to the data, as of June 30, 2014, beef in U.S. cold storage facilities equaled 357.8 million pounds. This was 25.7 percent less than the previous month and was 18.4 percent less than the five year average. Also, this was the lowest single month volume since May 2001. Specifically, the volume of boneless beef in cold storage totaled 319.7 million pounds, which was 26.4 percent lower than a year ago. Beef cuts in storage were 19.2 percent lower than a year ago, amounting to 38.1 million pounds. Meanwhile, as of June 30, U.S. pork in cold storage equaled 537.7 million pounds, which was 4.8 percent less than the previous month but was 1.7 percent more than the five year average. Also, this was the lowest single month volume since December 2011. More specifically, hams in storage totaled 126.1 million pounds, 22.0 percent less than a year ago. Pork bellies in storage numbered 84.0 million pounds, which was 99.9 percent higher than last year. The volume of loins in cold storage was down 2.5 percent from a year ago, amounting to 28.1 million pounds. Pork ribs in storage totaled 60.5 million pounds, which was 6.8 percent higher than last year. Butts in storage equaled 20.6 million pounds, 27.2 percent above last year. The volume of pork trimmings in storage fell 9.6 percent from a year ago to 43.8 million pounds. Veal in U.S. cold storage facilities on June 30 equaled 3.3 million pounds, which was 41.1 percent less than last year. Lamb and mutton in storage totaled 31.2 million pounds, 61.5 percent greater than a year ago. The complete report is available on the NASS website at http://www.nass.usda.gov/.

On July 25, USDA NASS published its semi-annual Cattle report. After a year of absence, the July Cattle report has been reinstated. According to the report, on July 1, 2014, the number of cattle and calves in the U.S. totaled 95.0 million head. This was 2.9 percent lower than 2012. Also, this is is the lowest all cattle and calves inventory for July 1 since the series began in 1973. Cows and heifers that have calved totaled 39.0 million head, which was down 1.8 percent from 2012. The number of beef cows fell 2.5 percent from 2012 to 29.7 million head. Heifers weighing more than 500 pounds equaled 14.9 million head. This was 5.1 percent less than 2012. The number of heifers for beef cow replacement was down 2.4 percent from 2012 with 4.1 million head. Steers weighing more than 500 pounds totaled 13.5 million head, which was 3.6 percent lower than 2012. The inventory of calves weighing less than 500 pounds declined 3.0 percent from 2012 to 25.7 million head. All cattle and calves on feed for the U.S. slaughter market on July 1 equaled 11.6 million head, 5.7 percent less than 2012. The 2014 calf crop is expected to total 33.6 million head, which is 2.0 percent lower than 2012. To obtain the detailed report, visit the NASS website at http://www.nass.usda.gov/.

On July 25, 2014, the USDA Foreign Agricultural Service (FAS) announced allocations of additional fiscal year (FY) 2014 funds for the Export Credit Guarantee Program (GSM-102). To obtain details, visit the FAS website at http://www.fas.usda.gov/programs/export-credit-guarantee-program-gsm-102/gsm-102-allocations.

Pacific Rim

The Korea International Trade Association (KITA) recently issued South Korea’s beef and pork import data for June 2014. According to the numbers, South Korea’s beef imports during June rose 10.9 percent over the previous month and 22.3 percent over June 2013 to 22,445 MT. More specifically, imports of frozen beef totaled 18,906 MT, which accounted for 84.2 percent of the total. Imports of fresh, chilled beef totaled 3,539 MT, of which Australia had a 76.8 percent market share. During June, South Korea imported 12,599 MT of beef from Australia, which was up 11.7 percent over the previous month and was up 23.8 percent over June 2013. During the first half of 2014, South Korea’s beef imports from Australia equaled 74,701 MT, which was 9.8 percent more than a year ago. Australia was the primary source for South Korea’s beef imports with 54.1 percent of the total. South Korea’s beef imports from the U.S. during June totaled 7,834 MT. This was 13.4 percent more than the previous month and was 27.1 percent more than June 2013. Yearto- date beef imports from the U.S. were 15.1 percent greater than last year, amounting to 50,531 MT. The U.S. was South Korea’s second largest beef import market with 36.6 percent of the total. Beef imports from New Zealand during June fell 6.6 percent from the previous month to 1,724 MT. This was slightly lower than June 2013. Year-to-date beef imports from New Zealand totaled 11,631 MT, which was 16.4 percent less than a year ago. Overall, during the first half of 2014, South Korea’s total beef imports equaled 138,118 MT, 8.5 percent above the same period a year ago. Meanwhile, during June, South Korea imported 24,011 MT of pork. Although this was 15.6 percent lower than the previous month, it was 5.0 percent higher than June 2013. South Korea’s pork imports from the U.S. during June fell 17.2 percent from May and fell 21.1 percent from June 2013 to 8,330 MT. During the first half of the year, South Korea imported 61,751 MT of pork from the U.S., which was 2.6 percent below last year. The U.S. was the leading pork import market for South Korea with 36.4 percent of the total. During June, South Korea imported 4,028 MT of pork from Germany. This was down 8.3 percent from the previous month but was up 110.1 percent over June 2013. Total year-to-date pork imports from Germany were 44.7 percent more than a year ago, amounting to 21,528 MT. Germany was the second largest market for South Korea’s pork imports with 12.7 percent of the total. Pork imports from Canada during June totaled 2,825 MT, which was 5.4 percent lower than the previous month and was 4.1 percent lower than June 2013. Year-to-date pork imports from Canada totaled 16,975 MT, 20.3 percent lower than a year ago. Overall, during the first half of 2014, South Korea’s total pork imports equaled 169,698 MT, which was 7.2 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/.

South America

Recently, Argentina’s National Service of Health, Food and Agriculture Quality (SENASA) published Argentina’s second quarter beef export data. The numbers include fresh beef, offals, processed beef and Hilton cuts. According to the data, during the second quarter of 2014, Argentina exported 57,237 MT of beef. This was 8.1 percent more than the previous quarter and was a little more than a year ago. During the second quarter, Argentina’s beef exports to Russia rose 47.9 percent over the previous quarter to 16,543 MT. Also, this was up 48.5 percent over a year ago. During the first half of 2014, Argentina’s beef exports to Russia equaled 27,725 MT, which was 13.6 percent higher than a year ago. Russia was the main beef export market for Argentina with 25.2 percent of the total. During the second quarter, Argentina exported 8,549 MT of beef to Hong Kong. This was down 12.3 percent from the previous quarter and was down 12.4 percent from a year ago. Total year-todate beef exports to Hong Kong were 7.7 percent below last year, amounting to 18,294 MT. Beef exports to Chile during the second quarter totaled 6,746 MT. Although this was 10.0 percent higher than the previous quarter, it was slightly lower than a year ago. Total year-to-date beef exports to Chile were 7.8 percent less than a year ago, amounting to 12,880 MT. During the second quarter, Argentina exported 4,478 MT of beef to Germany. This was 2.7 percent higher than the previous quarter but was 7.9 percent lower than a year ago. During the first half of the year, Argentina’s beef exports to Germany totaled 8,840 MT, which was little changed from a year ago. Beef exports to Israel during the second quarter totaled 3,140 MT, which was down 18.7 percent from the previous quarter and was down 26.5 percent from a year ago. Year-to-date beef exports to Israel equaled 7,002 MT, which was 29.3 percent less than last year. During the first half of 2014, Argentina’s beef exports to the U.S. totaled just 44 MT, which was 87.1 percent below a year ago. During the first half of 2014, Argentina’s main beef export market for Hilton cuts was Germany with 60.3 percent of the total. The largest fresh beef export market was Chile with 28.7 percent. The largest processed beef export market, with 26.9 percent of the total, was Italy. The primary offal market was Russia with 33.5 percent of the total. Of Argentina’s total beef exports during the first half of 2014, 49.5 percent was offals, 40.7 percent consisted of fresh beef, 9.0 percent was Hilton cuts and less than 1.0 percent was processed beef. Overall, Argentina’s total beef exports during the first half of 2014 equaled 110,207 MT, which was 6.9 percent below the corresponding period a year ago.

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