USA

Cattle production to slow down, announce USDA

Beef imports expected to rise thanks to robust early-year demand said the latest projection of US Department of Agriculture (USDA).

Posted on Mar 12 ,10:00

Cattle production to slow down, announce USDA

Officials from USDA announced that due to a drought that hit an area where a large portion of the U.S. cattle inventory is located, which is likely affecting the timing of placements of feeder cattle in feedlots, the production is expected to decrease. "As a result of higher late-2017 placements and relatively slower growth in the 2017 calf crop, the forecast for 2018 commercial beef production was lowered from last month to 27.7 billion pounds", informed USDA.
Beef imports are forecast to be higher in 2018, thanks to robust early-year demand. No change is forecast for beef exports. US beef export markets are Asia (66%), Mexico (15%), Canada (11%), Central/South America and the Caribbean (5%), EU (2%) and another 2% to the rest of the world.

 NEWSLETTER - Stay informed with the latest news!

Comments





Similar articles

HUNGARY

Hungary confirms first ASF outbreak in domestic pigs

The African Swine Fever virus, which is harmless to humans but highly contagious and deadly to pi...


Read more Read more
BRAZIL

FAAP and ABIEC launch executive course on agribusiness and the beef market

The Armando Alvares Penteado Foundation (FAAP), in partnership with the Brazilian Association of ...


Read more Read more
ROMANIA

Nicolas Coudry Mesny elected as FEFAC President at the 71st General Assembly in Bucharest

Mr Coudry-Mesny, who graduated from ESIAE Business School, holds a Master’s in Food Marketi...


Read more Read more
Websolutions by Angular Software and SpiderClass