ANALYSIS: Lower Cattle Kills Weigh on New Zealand's 2024 Total Beef Exports

New Zealand’s 2024 total beef exports fell 5.6% year-on-year (y-o-y) to 497,014 metric tons (mt), according to the latest Stats NZ data.

Slipping 29,244 mt from the previous year, outbound shipments were curtailed by lower cattle numbers and weaker performance to its once largest trading partner, China. Demand from the United States (US) helped offset this decline, particularly for lean boneless beef as its grappled with its lowest herd size since 1951. Growth in other key markets such as Canada and Japan...

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