Page 21 - MWC 3-9-2023s

Midwest Cattleman Magazine
for the first time in the year. The Midwest Cattleman · March 9, 2023 · P21
Spring 2023
The largest year-over-year
decrease was in exports to
China, down over 36%, fol-
lowed by exports to Canada
and Taiwan, down 30% and
28%, respectively. Monthly
exports to South Korea were
strong, increasing 20% year
over year and setting a re-
cord for the month. December
topped off the fourth-quarter
total at 844 million pounds,
the second-highest total for
the fourth quarter, just over
1% below 2021. Quarterly ex-
ports to South Korea set a re-
cord for the quarter as well,
almost 11% higher year over Are You Tired...
year.
Annual beef exports in

2022 reached a record at of Buying Bulls that Fall Apart?
3.536 billion pounds, a year-
over-year increase of 3%. The
annual value of exports also
set a record at nearly $11 We have Thick, Easy-Fleshing Bulls that are Developed on Fescue!
billion, an increase of more
than 10% over the previous Because of the way our bulls have been bred and developed,
year. Figure 3 shows the
year-over-year changes in they will breed twice as many cows for twice as many years!
export volumes and values
to the top markets. Higher
beef prices bolstered export
values. Exports to China in-
creased nearly 17%, while
the value of those exports in-
creased over 31%. The larg-
est decrease was in exports
to Mexico, continuing a four-
year trend. Exports to Japan
th
were also lower year over Selling on Thursday, April 6 — Springfield, Missouri
year, but as shown in Table
1, the country maintained its
position as the top market  150 Bulls — Angus, Red Angus and Polled Hereford
for U.S. beef in 2022, followed  Developed Slowly and Naturally on Fescue
closely by South Korea.
China, the third-largest mar-  Fleshing Ability has been Bred In — NOT Fed In
ket, was the only top market
with a significant increase in  18-Month-Old Bulls — Sell with a One-Year Guarantee
its share of U.S. exports over  Guaranteed Calving Ease
2021.
The export forecast for  Evaluated and Scored for Disposition, Thickness, Muscling,
2023 is unchanged from last Fleshing Ability, Hair Coat, Fly Resistance and More
month at 3.09 billion pounds.
If realized, this would rep-
resent a year-over-year de-
crease of about 13%. Produc-
tion is forecast to decrease
about 6%, reducing export-
able supplies and bolstering
prices; additionally, U.S. beef
will face more competition
from Oceania in the global
market. The forecast is still
relatively high, as this would PHARO CATTLE COMPANY
be the third-highest annual
export volume behind 2022 www.PharoCattle.com
and 2021, reflecting sus-
tained strong demand for 800-311-0995 Bulls@PharoCattle.com
U.S. beef.
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