Page 6 - MWC 08-19-2021s

The Midwest Cattleman · August 19, 2021 · P6
Beef And Cattle Trade Rebounds from Pandemic Stocker Cattle

By Derrell Peel - Oklahoma State University

U.S. beef exports have ues to be the fastest grow- Canada is the largest
bounced back from the pan- ing beef export market with source of beef imports ac-
demic disruptions last year. June exports up 159.3% year- counting for 28.2% of total
Total beef exports for the over-year and beef exports beef imports for the Janu-
January – June period in for the January – June pe- ary – June period. Mexico
2021 are up 21.5% over the riod up 167% over 2019 and accounts for 20.4% of year- compared to 2019). Slaugh-
first six months of 2020. This 2020. China/Hong Kong is to-date imports, with New ter cattle imports from Cana-
includes a 46.2% year-over- the third largest beef export Zealand at a 17.7% share; da are down 21.6% year-over-
year increase for the month market with a 17.9% share Australia, an 11.9% share year for the year to date and
of June over the low point of total beef exports. So far and Brazil an 8.8% share of down 15.7% compared to the
last year. in 2021, Mexico accounts for total beef imports. first six months of 2019.
Compared to 2019, year- 9.5% of exports; Canada 8.1% Total cattle imports so far Total cattle exports to
to-date beef exports are up and Taiwan, 5.5%. in 2021 are down 19.1% year- Canada and Mexico are up
12.1%. Total beef imports for over-year and down 20.2% 111.7% year-over-year and
the first six months of 2021 co mpa red up 129.1% from 2019. For the
are down 3.7% year-over- to 2019. year-to-date, cattle exports
year and down slightly by Total feeder to Canada equal 78.4% of
0.8% over the same period in cattle im- cattle imports from Canada,
2019. ports from meaning that net imports of
Japan remains the largest Mexico and cattle from Canada so far in
export market for U.S. beef Canada on 2021 are 59,340 head. Cat-
with a 24.6% share of year- the year are tle exports to Mexico are up
to-date U.S. beef exports. down 18.3% 385.3% thus far in 2021 (up
South Korea is closing fast on for the first 143.9% compared to 2019)
Japan with a 24.1% share of six months and represent 4.7% of total
beef exports for the first six co mpa red cattle imports from Mexico.
months of 2021. The China/ to last year
Hong Kong market contin- (down 21.7%

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