051146 World Beef Production to IncreaseNovember 19, 2005The USDA Foreign Agricultural Service (FAS) recently issued its publication Livestock and Poultry: World Markets and Trade. According to the report, total world beef and veal production from the major exporting countries during 2006 is forecast to reach 53.38 MMT, 2.7 percent more than 2005 due to growth in the U.S., Brazil and China. The U.S. is predicted to remain the largest beef producing country with 11.81 MMT, 4.3 percent higher than 2005. U.S. slaughter numbers are expected to increase due to larger cattle imports from Canada. Additionally, lower prices for feed and continued strong demand should entice producers to feed cattle to heavier weights. Total world beef and veal exports during 2006 are forecast to increase 2.7 percent over 2005 to 7.14 MMT. Brazil is expected to remain the largest beef exporting country in 2006 with 1.80 MMT. This is unchanged from 2005 due to the recent outbreaks of foot-and-mouth disease (FMD) in Brazil. Beef exports from Australia are predicted to reach 1.48 MMT during 2006, up slightly over 2005. Dry conditions in Australia have reduced feed grain and fodder supplies which in turn puts pressure on beef production. Canada’s beef exports in 2006 are forecast to total 640,000 MT, 4.1 percent more than 2005. During 2006, U.S. beef exports are expected to reach 290,000 MT, up 1.8 percent over 2005. World beef and veal imports in 2006 are forecast to total a record 5.19 MMT, which is 2.4 percent higher than 2005. The U.S. is predicted to import 1.69 MMT of beef during 2006. Although this is down slightly from 2005, the U.S. will remain the largest beef importing market. During 2006, Japan’s beef imports are expected to increase 2.6 percent to 740,000 MT. Meanwhile, world pork production during 2006 is forecast to rise 2.8 percent over 2005 to 95.17 MMT. China is expected to produce 50.90 MMT of pork during 2006, which is 4.1 percent greater than 2005 due to efficiency gains caused by improved breeds and feed. U.S. pork production is projected to rise 2.0 percent to 9.59 MMT. During 2006, world pork exports are forecast at 5.10 MMT, which is up 1.9 percent from 2005. Pork exports from the EU are expected to increase 1.4 percent to 1.45 MMT. U.S. pork exports are predicted to reach 1.26 MMT, 2.8 percent more than 2005 as the result of favorable exchange rates and the substitution of pork for beef in Asian countries. World pork imports during 2006 are forecast to total 4.13 MMT, 1.5 percent higher than 2005. Japan is expected to remain the largest pork importer with 1.24 MMT during 2006, slightly less than 2005.
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