INTERNATIONAL MEAT REVIEW

Transcription

1 INTERNATIONAL MEAT REVIEW Livestock, Poultry and Grain Market News September 26, 2013 Volume 17, No. 20 Trade Highlights The USDA Foreign Agricultural Service (FAS) recently published Livestock and Products Annual 2013 for the countries of Argentina and India. The reports include summaries, outlooks, slaughter data, livestock inventories, trade situation updates, consumption statistics, marketing and price analysis and current data on production and supply. The reports are available on the FAS Global Agricultural Information Network (GAIN) at North America The U.S. Customs and Border Protection (CBP), a division of the Department of Homeland Security, recently published the most current data on U.S. beef imports under a tariff rate quota (TRQ). According to the numbers, as of September 23, 2013, U.S. beef imports totaled 512,400 MT, which was 4.4 percent less than the same period last year. Imports of beef from New Zealand totaled 144,803 MT. This was 8.1 percent greater than a year ago. This filled 67.9 percent of New Zealand s TRQ, compared to 62.8 percent the same period last year. Imports of beef from Australia totaled 136,715 MT. This was 10.1 percent less than a year ago. It filled 36.1 percent of the TRQ, which was down from 40.2 percent a year ago. Beef imports from Canada, which are not subject to a TRQ, equaled 120,268 MT. This was 17.0 percent lower than a year ago. Imports of beef from Mexico, which also do not fall under a TRQ, were 10.5 percent higher than a year ago, totaling 65,304 MT. Beef imports from Uruguay through September 23 equaled 15,688 MT, 29.0 percent greater than a year ago. This filled 78.4 percent of Uruguay s TRQ, compared to 60.8 percent a year ago. Beef imports from Argentina remained banned due to foot-and-mouth disease (FMD). The weekly report is available on the CBP website at Canadian Cattle On Feed in Alberta & Saskatchewan Feedlots On Feed August 1, ,020 Placed on Feed During August 135,287 Fed Cattle M arketed During August 149,778 Other Disappearances During August 9,341 On Feed September 1, ,188 Recently, CanFax published 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 September 1, 2013, Canada s total cattle on feed equaled 616,188 head. This was up 6.8 percent over one year ago but was down 1.0 percent from the five year average. The number of cattle placed on feed during August rose 13.3 percent over one year ago to 135,287 head. However, this was 12.6 percent lower than the five year average. Steers placed on feed totaled 85,946 head, which accounted for 63.5 percent of the total placements. Heifers placed on feed totaled 49,341 head. More specifically, feeder cattle placements weighing less than 600 pounds totaled 2,884 head, 1.3 percent less than a year ago. Feeder cattle placements weighing 600 to 699 pounds were 98.1 percent higher than a year ago, totaling 5,086 head. Placements weighing 700 to 799 pounds equaled 23,754 head, percent greater than last year. Finally, placements of feeder cattle weighing more than 800 pounds totaled 103,563 head, which was 1.1 percent higher than a year ago. In the meantime, Canada s fed cattle marketings during August totaled 149,778 head. This was down 10.9 percent from one year ago and was down 15.0 percent from the five year average Tariff Rate Quota Status of U.S. Beef Imports As of September 23, 2013 Annual 2013 Percent 2012 Quota Imported of Quota Imported (M etric Tons) Level Quantity Filled Quantity Argentina 20, % 0 Australia 378, , % 152,009 Canada No Quota 120, ,893 Japan % 4 Mexico No Quota 65, ,108 New Zealand 213, , % 133,990 Uruguay 20,000 15, % 12,165 Other Countries 64,805 29, % 34,024 Total 512, ,193 Source: U.S. Customs and Border Protection The complete report is available on the CanFax website at

2 International Meat Review, September 26, 2013 Page 2 North America (continued) U.S. Cattle on Feed 1,000 + Capacity Feedlots On Feed August l, ,000 Head 10,026 Placed on Feed During August 1,788 Fed Cattle Marketed During August 1,883 Other Disappearance During August 55 On Feed September 1, ,876 Source: USDA National Agricultural Statistics Service On September 20, the USDA National Agricultural Statistics Service (NASS) released its monthly Cattle on Feed report. According to the data, as of September 1, 2013, cattle and calves on feed for the U.S. slaughter market for feedlots with a capacity of 1,000 or more head equaled 9.88 million head. This was 7.2 percent less than one year ago and was 7.7 percent less than two years ago. During August, 1.79 million head of cattle were placed on feed, which was 10.9 percent lower than one year ago and was 20.4 percent lower than two years ago. This was the lowest placements for August since the series began in More specifically, feeder cattle placements declined from a year ago in each weight category. Feeder cattle placements weighing less than 600 pounds equaled 405,000 head, which was 16.0 percent below a year ago. Placements weighing 600 to 699 pounds were down 12.2 percent from a year ago, amounting to 338,000 head. Placements of feeder cattle weighing 700 to 799 pounds totaled 430,000 head, 9.5 percent less than last year. Finally, placements of feeder cattle weighing more than 800 pounds were down 7.5 percent from a year ago, totaling 615,000 head. Meanwhile, during August, fed cattle marketings fell 3.7 percent from one year ago to 1.88 million head. Also, this was 8.3 percent lower than two years ago. This was the second lowest placements for the month of August since the series began. The entire report is available on the NASS website at On September 20, USDA NASS released its monthly Cold Storage report. According to the data, as of August 31, 2013, beef in U.S. cold storage totaled million pounds. This was nearly unchanged from a year ago but was slightly higher than the five year average. Beef stocks have declined for the past five months. More specifically, boneless beef in cold storage equaled million pounds, which was up 5.5 percent over a year ago. The volume of beef cuts in storage was 30.0 percent lower than a year ago, amounting to 44.8 million pounds. In the meantime, as of August 31, U.S. pork in cold storage facilities totaled million pounds, which was 7.8 percent less than the previous month but was 9.6 percent more than the five year average. Pork stocks have declined for the past four months. Specifically, the volume of hams in storage was 2.4 percent greater than a year ago with million pounds. Pork bellies in cold storage totaled 19.1 million pounds, 34.6 percent greater than a year ago. Pork loins in storage were 23.1 percent lower than last year, amounting to 24.9 million pounds. The volume of pork ribs in cold storage equaled 47.9 million pounds, 17.0 percent less than a year ago. Pork trimmings in storage totaled 36.7 million pounds, which was down 30.4 percent from last year. Veal in U.S. cold storage on August 31 totaled 3.8 million pounds, which was 21.7 percent less than a year ago. Lamb and mutton in storage totaled 22.0 million pounds, 9.2 percent lower than last year. The complete report is available on the NASS website at On September 18, USDA NASS published its annual Livestock Historical Trace Records report. The report compares preliminary and final livestock estimates and final livestock production estimates. The entire report can be found on the NASS website at Oceania Recently, the Economic Service of Beef + Lamb New Zealand (B+LNZ) released its Stock Number Survey. According to the data, as of June 30, 2013, total sheep in New Zealand equaled million head, which was 1.0 percent less than a year ago. North Island sheep numbers were estimated at million head, 2.8 percent lower than a year ago due to widespread drought conditions. South Island sheep numbers were up slightly over a year ago, totaling million head. Yearlings declined 1.3 percent from a year ago to 9.74 million head. Breeding ewes totaled million head, which was 1.0 percent less than last year. The lamb crop is estimated to total million head, which is 7.7 percent lower than a year ago. Meanwhile, the Economic Service estimated New Zealand s beef cattle herd at 3.69 million head on June 30, This was down 1.1 percent from a year ago. To obtain the complete report, visit the B+LNZ website at

3 International Meat Review, September 26, 2013 Page 3 Pacific Rim Recently, Japan s Agriculture and Livestock Industries Corporation (ALIC) published Japan s beef and pork import data for July According to the statistics, Japan s beef imports during July soared 92.7 percent higher than the previous month to a 69,089 MT. This was the highest volume since April Additionally, this was up 37.3 percent over July The strong monthly increase was due to Japanese importers holding back customs clearances in June in order to avoid triggering the safeguard. Specifically, frozen beef imports totaled 49,080 MT, which was up percent over the previous month and was up 67.4 percent over July Fresh, chilled beef imports totaled 19,963 MT, which was up 26.3 percent over the previous month but was down 4.9 percent from July Japan s beef imports from Australia during July equaled 31,130 MT, which was 71.0 percent higher than the previous month and was 4.8 percent higher than July Also, this was the single highest monthly volume since November Total year-to-date beef imports from Australia equaled 166,991 MT, 9.0 percent below a year ago. Australia was the leading source for Japan s beef imports with 53.5 percent of the total. During July, Japan imported a record 28,053 MT of beef from the U.S. This was percent more than the previous month and was 88.7 percent more than July Year-to-date beef imports from the U.S. were 44.0 percent higher than last year, totaling 103,335 MT. Japan s beef imports from New Zealand during July rose percent over the previous month to 4,888 MT. Also, this was up 53.8 percent over July Year-to-date beef imports from New Zealand totaled 20,823 MT, nearly unchanged from a year ago. Overall, Japan s total year-to-date beef imports equaled 311,925 MT, 7.2 percent greater than the same period a year ago. During June, Japan s beef marketings totaled 55,593 MT, which was down 22.1 percent from the previous month and was down 16.1 percent from a year ago. Imported beef marketings equaled 29,968 MT, 31.0 percent lower than a year ago. Domestic beef marketings totaled 25,625 MT, 12.1 percent higher than a year ago. At the end of June, Japan s beef stocks totaled 103,806 MT, which was up 7.6 percent over the previous month and was up 16.6 percent over a year ago. Imported beef stocks were 23.8 percent more than a year ago, amounting to 90,499 MT. Domestic beef stocks equaled 13,307 MT, 16.2 percent less than last year. Japan's Pork Imports for July 2013 Jul YTD YTD YTD Total Pork* 62, , , % United States 24, , , % Denmark 8,892 63,784 69, % Canada 11,828 78,570 98, % Chilled Total 25, , , % Frozen Total 36, , , % *Includes edible offal. Source: Japan's Agriculture & Livestock Industries Corporation Japan's Beef Imports for July 2013 Jul YTD YTD YTD Total Beef* 69, , , % United States 28, ,335 71, % Australia 31, , , % New Zealand 4,888 20,823 20, % Chilled Total 19, , , % Frozen Total 49, , , % *Includes cheek, head & cooked meats. Source: Japan's Agriculture & Livestock Industries Corporation Japan s pork imports during July rose 18.6 percent over June to 62,324 MT. However, this was down 5.0 percent from July More specifically, frozen pork imports equaled 36,467 MT, which was up 21.3 percent over the previous month but was down 18.5 percent from July Fresh, chilled pork imports equaled 25,854 MT, which was up 14.9 percent over the previous month and was up 24.0 percent over July During July, Japan s pork imports from the U.S. rose 17.1 percent over the previous month to 24,216 MT. Also, this was 3.4 percent higher than July Total year-to-date pork imports from the U.S. equaled 165,422 MT, which was 11.2 percent less than a year ago. The U.S. was Japan s primary source for pork imports with 39.2 percent of the total. Pork imports from Canada during July totaled 11,828 MT. This was 20.6 percent more than the previous month but was 31.1 percent less than July Total year-to-date pork imports from Canada were 20.1 percent less than last year, amounting to 78,570 MT. During July, Japan imported 8,892 MT of pork from Denmark, which was 33.4 percent higher than the previous month but was 28.6 percent lower than July Year-to-date pork imports from Denmark totaled 63,784 MT, 8.4 percent lower than last year. Overall, Japan s total year-to-date pork imports equaled 422,323 MT, which was 5.3 percent less than the same period a year ago. Japan s pork marketings during June totaled 125,600 MT. This was down 10.0 percent from the previous month and was down 9.3 percent from a year ago. Imported pork marketings totaled 57,843 MT, 12.8 percent less than last year. Marketings of domestic pork were down 6.1 percent from a year ago, amounting to 67,757 MT. At the end of June, Japan s pork stocks equaled 172,991 MT. This was 2.8 percent less than the previous month but was 2.5 percent more than a year ago. Stocks of imported pork were up 1.0 percent over a year ago, totaling 149,949 MT. Domestic pork stocks equaled 23,042 MT, 13.2 percent higher than last year. Additional data can be found on the ALIC website at

4 International Meat Review, September 26, 2013 Page 4 Pacific Rim (continued) The Korea International Trade Association (KITA) recently issued South Korea s beef and pork imports for August According to the data, South Korea s beef imports during August rose 19.4 percent over the previous month to 24,682 MT. However, this was down 7.9 percent from August Specifically, frozen beef imports totaled 20,950 MT, which accounted for 84.9 percent of the total. Fresh, chilled beef imports totaled 3,731 MT. During August, South Korea imported 13,190 MT from Australia. This was up 16.6 percent over the previous month and was up 1.6 percent over August Total year-to-date beef imports from Australia equaled 92,533 MT, which was 7.7 percent above a year ago. Australia was the main supplier of beef to South Korea with 53.6 percent of the total imports. Beef imports from the U.S. during August totaled 9,246 MT. Although this was 32.4 percent higher than July, it was 13.9 percent lower than August Year-to-date beef imports from the U.S. were 8.5 percent less than a year ago, amounting to 60,111 MT. During August, South Korea imported 2,058 MT of beef from New Zealand, which was down 2.6 percent from the previous month and was down 24.4 percent from August Year-to-date beef imports from New Zealand totaled 18,079 South Korea Red Meat Imports Beef Imports for August 2013 Aug YTD YTD Percent U.S. 9,246 60,111 65, % Australia 13,190 92,533 85, % New Zealand 2,058 18,079 18, % Total Beef 24, , , % Pork Imports for August 2013 Aug YTD YTD Percent U.S. 6,693 78,325 90, % Canada 2,743 26,988 41, % Germany 2,935 20,989 26, % Chile 2,393 21,740 25, % Spain 1,876 11,568 18, % Poland 625 6,715 12, % Total Pork 22, , , % Source: Korea International Trade Association MT, 4.0 percent less than last year. Overall, South Korea s total year-to-date beef imports equaled 172,650 MT, which was slightly less than the same period a year ago. In the meantime, South Korea s pork imports during August fell 10.8 percent from July and 18.9 percent from August 2012 to 22,630 MT. This was the lowest single monthly total since August Pork imports from the U.S. during August equaled 6,693 MT, which was down 18.6 percent from the previous month and was down 25.2 percent from August Year-to-date pork imports from the U.S. were 13.9 percent less than a year ago, amounting to 78,325 MT. The U.S. was the largest provider of pork to South Korea with 38.0 percent of the total imports. During August, South Korea imported 2,743 MT of pork from Canada, which was the lowest single month total since November This was 6.6 percent lower than the previous month and was 39.9 percent lower than August Total year-to-date pork imports from Canada equaled 26,988 MT, 34.4 percent below a year ago. Pork imports from Chile during August totaled 2,393 MT. This was 6.5 percent less than the previous month and was 28.2 percent less than August Year-to-date pork imports from Chile were 14.0 percent lower than a year ago, amounting to 21,740 MT. Overall, South Korea s total year-to-date pork imports equaled 206,305 MT, which was 25.4 percent below the corresponding period a year ago. Additional data on South Korea s red meat trade can be found on the KITA website at

5 International Meat Review, September 26, 2013 Page 5 Trade and Production Statistics U.S. Actual Slaughter under Federal Inspection Cattle 614, ,247 22,756,407 23,006, % Calves 14,935 13, , , % Hogs 2,170,903 1,983,006 77,209,103 77,327, % Sheep 41,299 36,138 1,493,185 1,400, % Goats 10,797 9, , , % U.S. Red Meat Production (Million lbs) 9/14/13 9/7/ Change Beef ,017 18, % Calf & Veal % Pork ,890 15, % Lamb/Mutton % Imported Meat Passed for Entry in the U.S. by Country (Metric Tons) 9/14/13 9/7/ Change Fresh Beef 13,886 12, ,962 NA --- Fresh Pork 8,128 6, ,077 NA --- Goat ,128 NA --- Lamb 1,175 1,059 42,175 NA --- Mutton ,356 NA --- Veal ,081 NA --- and FSIS Canadian Federally Inspected Slaughter Cattle 51,473 47,023 1,821,960 1,973, % Calves 3,790 3, , , % Sheep 3,144 2, , , % Hogs 401, ,897 13,970,456 14,184, % Source: Agriculture and Agri-Food Canada U.S. Livestock Exports to Mexico Sltr Ewes , U.S. Livestock Imports from Mexico Feeder Cattle 4,851 9, ,305 1,054, % Canadian Slaughter Cattle Average Prices W/E W/E Year Percent (U.S. $/cwt) 9/14/13 9/7/13 Ago Change Alberta Steers $ $ $ % Alberta Heifers $ $ $ % Alberta Cows $75.31 $74.12 $ % Ontario Steers $ $ $ % Ontario Heifers $ $ $ % Ontario Cows $73.94 $73.32 $ % Canadian Feeder Cattle Average Prices W/E W/E Year Percent (U.S. $/cwt) 9/14/13 9/7/13 Ago Change Alberta Steers $ $ $ % $ $ $ % $ $ $ % Alberta Heifers $ $ $ % $ $ $ % $ $ $ % Saskatchewan Steers $ $ $ % $ $ $ % $ $ $ % Saskatchewan Heifers $ $ $ % $ $ $ % $ $ $ % Canada Red Meat Production (Million lbs) 9/14/13 9/7/ Change Beef , , % Pork , , % Exchange Rates U.S. $ Converted W/E W/E Year to Major Currencies 9/14/13 9/7/13 Ago Australian Dollar Brazilian Real Canadian Dollar Euro Japanese Yen Mexican Peso New Zealand Dollar South Korean Won Source: OANDA

6 International Meat Review, September 26, 2013 Page 6 Trade and Production Statistics Australia's Cattle, Lamb & Sheep Slaughter Cattle 152, ,556 5,155,073 4,608, % Calves 17,688 18, , , % Lamb 351, ,697 12,117,307 11,758, % Sheep 145, ,328 5,026,480 2,826, % Source: National Livestock Reporting Service Japanese Monthly Retail Beef Prices Percent (U.S. $/cwt) Jul-13 Jul-12 Change Australia Chuck Roll $ $1, % Brisket $ $1, % Sirloin $1, $1, % Round $ $ % Wagyu Chuck $2, $3, % Brisket $2, $3, % Sirloin $5, $6, % Round $2, $3, % Source: Agriculture & Livestock Industries Corporation Additional Information Sources Include: USDA Livestock, Poultry & Grain Market News (LPGMN) USDA Animal & Plant Health Inspection Service (APHIS) USDA Economic Research Service (ERS) USDA Foreign Agricultural Service (FAS) USDA National Agricultural Statistics Service (NASS) Agriculture and Agri-Food Canada CanFax Statistics Canada Agriculture, Fisheries, and Forestry Australia (DAFF) Meat & Livestock Australia (MLA) Australian Lot Feeders Association (ALFA) New Zealand s Beef + Lamb (B+LNZ) Agriculture and Livestock Industries Corporation (ALIC) Korea International Trade Association (KITA) Argentina s Agriculture Food, Health and Quality (SENASA) Uruguay s National Meat Institute (INAC) Food and Agriculture Organization (FAO) Various News Services U.S. Prices for Mexico Feeder Cattle Imports W/E W/E Year (U.S. $/cwt, FOB) 9/14/13 9/7/13 Ago Feeder Steers, Medium & Large, 1 & lbs $182-$195 $185-$195 $158-$ lbs $166-$179 $169-$179 $145-$ lbs $150-$166 $153-$163 $130-$142 Feeder Heifers, Medium & Large 1 & lbs $150-$163 $142-$152 $128-$140 U.S. Cold Storage Percent (Million Pounds) Aug-13 Aug-12 Change Beef % Pork % Source: USDA National Agricultural Statistics Service Japanese Monthly Retail Pork Prices Percent (U.S. $/cwt) Jul-13 Jul-12 Change Domestic Pork Normal Shoulder $ $ % Normal Loin $1, $1, % Normal Ham $ $ % Bargain Loin $ $ % Imported Pork Normal Loin $ $ % Bargain Loin $ $ % Source: Agriculture & Livestock Industries Corporation The USDA Livestock, Poultry and Grain Market News staff makes every effort to provide factual news as it occurs in the market. As some of the information presented in this publication is contributed from worldwide sources, the accuracy and correctness cannot always be verified.