Browse Data and Analysis

The Canadian cattle herd will continue to contract in 2023. With a smaller cow herd and reductions in heifer retention the 2023 calf crop is expected to be smaller relative to 2022. Feed price volatility and drought concerns, coupled with a contracting U.S. herd, will see live cattle import numbers fall once again.

The U.S.-Japan Trade Agreement (USJTA) will enter Year 5 of agreement implementation on April 1, 2023, eliminating tariffs on multiple products with staging categories where tariffs were reduced in four annual increments beginning on April 1 of Year 2 (April 1, 2020).

South Korea's rebounding consumer demand for beef and pork, together with elevated retail prices, led to greater domestic slaughter and import totals in 2022 and into 2023.

FAS Manila estimates beef production to increase slightly to185,000 MT for 2023 because of efforts of commercial farms to increase production. Beef imports are expected to increase slightly to 260,000 MT in line with population growth.

Traditionally, Ghana’s livestock sector mainly comprises cattle (for beef), sheep, goats, pigs (hogs), and poultry enterprises.

After three years of dry weather conditions which have challenged the Argentine beef cattle industry, Post estimates that Argentine cattle slaughter and beef production will both drop in 2023, in line with official USDA estimates.

Since hitting peak numbers in 2016, the New Zealand national cattle herd has been very gradually declining and this is expected to continue in 2023.

Cattle stocks decline in 2023 as farmers thin dairy herds to counter surplus production capacity. The resulting increase in domestic beef production will lower demand for imports in 2023.

The Australian cattle industry is expected to continue its strong herd rebuild in 2023 and Australian beef supply is expected to recover after falling to the lowest level in twenty-five years in 2021 and in 2022.

On February 24, 2023, the Ministry of Health and Family Welfare/Food Safety and Standards Authority of India (FSSAI) issued an order pertaining to FSSAI Order TIC-20012/2021-IMPORTS-FSSAI (E2475), extending the compliance date for a third time for Imports of Milk, Pork, and Fish Products.

The People’s Republic of China (PRC) decision to end its zero-COVID policy restrictions is expected to improve demand for both pork and beef products in 2023.

High feed and energy prices and environmental restrictions are pressuring both cattle and swine farmers in the European Union (EU), leading to a reduction in operations.