Philippines Surpasses China in Brazilian Pork Imports as Sector Hits Record Shipment Revenues

The Philippines has emerged as Brazil's largest export market for pork in 2024 with 206,000 tonnes shipped between January and October, a 103% year-on-year increase, displacing China as the top importer who, during the same period purchased 199,900 tonnes, down 41% according to The Brazilian Animal Protein Association (ABPA).

In October 2024, Brazil's pork exports, including fresh and processed products, reached 130,900 tonnes, representing the second-highest monthly total in the industry’s history and a 41% increase from the 93,000 tonnes...

USMEF Conference Opens with Election Analysis and Focus on U.S.-Mexico Trade Relations

The U.S. Meat Export Federation (USMEF) launched its annual strategic planning conference in Tucson, Ariz., Wednesday with an analysis of the U.S. election’s potential impact on agricultural policy and international trade. USMEF members also received an in-depth look at the new administration in Mexico, as the United States prepares for a critical phase of trade relations with the largest export destination for U.S. red meat.

USMEF President and CEO Dan Halstrom opened the conference with an overview of U.S. red...

ANALYSIS: Uruguay’s Beef Exports See 11.3% Monthly Rise in October, Yet Decline 11.9% Y-o-Y

In October 2024, Uruguay’s fresh beef exports reached 28,512 MT, based on the latest data from the Uruguayan National Customs Directorate. This is 11.3% higher than the previous month and marks a 11.9% drop Y-o-Y. On a YTD basis, cumulative exports now stand at 292,422 MT, up by 2.2% compared to the same period last year. Uruguay’s annual performance indicates resilience in export volumes, with exporters adjusting destination strategies in response to fluctuating demand and price conditions...

Trump's Return Could Spark Major Shifts in Agri-Food Trade

Donald Trump secured a victory over Kamala Harris in the 2024 U.S. Presidential Election on November 5, marking a return to leadership that could bring sweeping changes to the agricultural commodities markets.

With a second term, Trump’s decisions could pave the way for notable shifts within trade policy, foreign relations and regulatory approaches.

At Expana’s Agri-Food Americas conference in Chicago last month, Alex Kazan, Partner and Geopolitical Co-Lead, Brunswick Group explained the massive impact the 2024 election would have on agricultural markets...

2024 Presidential Election Poised to Reshape U.S. Commodity Markets

As the 2024 Presidential Election quickly approaches, industry stakeholders are closely watching how the outcome could impact commodity markets, which are sensitive to shifts in policy and federal regulations.

When the new president takes office, businesses and consumers may see changes to key issues like trade and foreign policy. Stay tuned to Expana for continuous updates on how the election may affect agricultural and industrial markets.

Presidential Impact on International Trade

Changes in U.S. trade relations could either strengthen or disrupt markets for agricultural exports...

Two Australian Beef Plants Anticipated to Resume Exports to China by Year’s End

On November 3, Australian Trade Minister Don Farrell met with China’s Commerce Minister Wang Wentao at the China International Import Expo (CIIE) in Shanghai, where Wang assured Farrell that China would lift its remaining trade restrictions on Australian exports. 

Farrell noted that since last year’s expo, China has lifted tariffs on Australian wine and resumed exports from eight red meat facilities. China also plans to fully reopen its market to Australian rock lobsters by the end of this year.  

Despite the progress, two Australian beef plants (Plant 1620...

ANALYSIS: Argentina’s Beef Exports Rose Modest 3.0% in September, Still Marking a 44.5% Y-o-Y Surge

Argentina’s beef exports reached 70,806 MT in September 2024, according to the latest data from the National Institute of Statistics and Census. Although this figure shows a modest 3.0% M-o-M increase, it still remains 44.5% higher compared to the same period last year.

China continues to represent a significant portion of market share, absorbing 68.9% of total Argentina’s beef exports, equivalent to 49,521 MT. This represents a slight 2.4% drop compared to the previous month, but still...

Understanding the Global Cattle Cycle's Role in Shifting Beef Trade and Prices

The Global beef cattle market is characterized by an interplay of cyclical trends, external pressures, and strategic management decisions across key regions. This whitepaper outlines the current state of the cattle industry in six major areas- the United States, Brazil, the United Kingdom, Australia, New Zealand, and Mexico- highlighting key findings related to production, market pressures, and the potential outlook. As forces like weather, the economy, and trade dynamics shape the global beef landscape, industry stakeholders can stay ahead of the... 

Lar Agroindustrial Plans New Investments in Protein and Grains for 2025

Lar Agroindustrial Cooperative has announced plans to allocate resources towards new protein production units and to modernise its processing plants for poultry, pork, and soy, according to local media outlet Agfeed.

In 2024, Lar invested BRL 1 billion, with the majority directed to its soybean crushing operations, including the BRL 280 million acquisition of a soybean crushing plant from Copagril. Additional investments were made in poultry slaughtering, animal feed production, piglet and chick facilities, and logistics.

For 2025, Lar plans to invest a further BRL...

ANALYSIS: Chicken Export Volumes in August

Total chicken exports were up 3.5% from July to August, compared to a 5-year average month-over-month (MoM) change of 4.6%. Of the twenty countries listed in the USDA’s monthly import/export report, thirteen of them had increased MoM export volumes in August, but only seven of them were up year-over-year (YoY). This aligns with the year-long trend of lower export volumes in which the current year-to-date (YTD) value of 4.4 billion lbs. is -8.6% lower YoY and is...

ANALYSIS: US Pork Exports Rise 6.2% Year-Over-Year in August, Led by Central & South American Gains

On Wednesday, the USDA released their August import/export trade data. The latest report reveals mixed results for U.S. pork exports in August. While overall exports saw a slight decline of 1.1% compared to July, they continued to increase by 6.2% year-over-year.

Notable success was achieved in Central America, where exports surged by 5.9% from the previous month and a remarkable 31.3% from last year, driven by strong demand in Costa Rica, Nicaragua, Panama, Honduras, and Guatemala...

Brazil Pork Exports Grow 7.3% in September

Brazil's pork export volume for September 2023 reached 120,400 tonnes, a 7% increase year-on-year, according to data from the Brazilian Animal Protein Association (ABPA). This marks the second-highest monthly export volume on record, following July 2023’s peak of 138,300 tonnes.

Export revenue rose at an even faster pace, jumping 16% to US $284 million, compared to $245 million in the same month last year. This is also the second-best revenue figure in history. The rise in average...

USMEF Statement on East and Gulf Coast Port Announcement

The International Longshoremen’s Association (ILA) and the U.S. Maritime Alliance (USMX) have released a joint statement announcing an end – at least temporarily – to the work stoppage that shut down East and Gulf Coast ports earlier this week.

U.S. Meat Export Federation (USMEF) President and CEO Dan Halstrom issued the following statement:

On behalf of USMEF’s member companies and organizations, I want to thank all parties involved in the effort to get cargo moving again off the East and Gulf Coasts. This is a tremendous relief to everyone...

ILA Dockworkers to Return to Work as Port Strike Ends Following Tentative Agreement

Dockworkers from the International Longshoremen's Association (ILA) returned to work on Friday after reaching a tentative wage agreement with the U.S. Maritime Alliance (USMX) Thursday, bringing an end to the three-day strike that halted shipping operations along the East and Gulf Coasts.

"Effective immediately, all current job actions will cease, and all work covered by the Master Contract will resume,” according to a joint statement issued by both parties Thursday. The Master Contract will be extended until January 15, 2025, giving negotiators additional...

Hurricane Helene Intensifies U.S. Agriculture Disruptions As Port Strike Officially Starts

Hurricane Helene, a powerful Category 4 storm, made landfall in Florida's Big Bend region on September 26, 2024. The storm caused widespread destruction across the southeastern U.S., with the death toll approaching 125 as of this writing. 

Its damaging winds, storm surge, and flooding led to power outages and infrastructure damage in Florida, Georgia, Tennessee, and the Carolinas–with the Carolinas seemingly suffering the greatest impacts. Parts of North Carolina are submerged under water, where roads have been washed out and properties have been flattened. As of October 1...

ANALYSIS: Korea Poised for Early Activation of Safeguard Mechanism on Australian Beef Amid US Supply

Australian beef imports into Korea could face a tariff rate increase of 24.0% as the Special Agricultural Safeguard (SSG) mechanism is expected to activate earlier than in previous years. Korea's increasing reliance on Australian beef amid dwindling US supply has long suggested an earlier activation of the safeguard tariffs. 

Under the Korea-Australia Free Trade Agreement (KAFTA), the safeguard volume for this year is set at 188,437 metric tonnes (mt). Any imports exceeding this safeguard volume limit in 2024 will incur a tariff rate of 24.0%...

Biden-Harris Administration Delivers Over $26.7 Billion In Market Access for U.S. Agriculture

The Office of the United States Trade Representative (USTR) and the United States Department of Agriculture (USDA) today announced that the Biden-Harris Administration has secured over $26.7 billion in agricultural market access across the globe for America’s farmers, ranchers, fishers, and food manufacturers. Under President Biden and Vice President Harris’s leadership, United States Trade Representative Katherine Tai and Secretary of Agriculture Tom Vilsack have worked to ensure American agriculture can reach global markets and customers around the world...

ANALYSIS: Mexico’s Livestock Trade Deficit Persists Amid Volatile USD:MXD

The Grupo Consultor de Mercados Agrícolas (GCMA) reported that Mexico's livestock trade balance remains in deficit, driven by increasing domestic prices that spurred record beef and pork imports. Between January and July 2024, meat imports totaled 1.67 million tonnes, a 6.3% increase from the same period in 2023.

Homero García de la Llata, president of Mexicos National Confederation of Livestock Organizations (CNOG), pointed out that several problems and weaknesses are affecting livestock farming in Mexico. These include low productivity, limited financing, and a lack of innovation and technology....

ANALYSIS: Production Shortfall Drives New Zealand's Aug 2024 Beef Exports to 10-Month Lows

New Zealand’s August 2024 beef exports totalled 31,741 metric tonnes (mt), hitting the lowest levels since October 2023, according to the latest data from Stats NZ. The volume fell by 18.2% (-7,072 mt) compared to the previous month.

Marking a 10-month low, and falling for the third consecutive month, this decline was primarily driven by New Zealand's two key markets, the United States (US) and China, with smaller drops also seen in markets like Canada, Japan, Korea, and Taiwan. In-month volumes was also...

ANALYSIS: Mexican Beef Imports and Exports Overview

During 2024, the Mexican beef market experienced its lowest levels of exports to the United States in the past three years. This was a consequence of the strengthening of the Mexican peso against the U.S. dollar, which began at the end of 2022 and continued to strengthen throughout 2023 and the first two quarters of 2024. This led to a widespread pattern where bids from U.S. buyers were simply unattractive to Mexican sellers, who preferred to place their product in the domestic market, which offered higher figures...

USMEF Statement on Colombia Fully Reopening to U.S. Beef

With the Colombian government recently lifting its ban on U.S. beef originating from states in which H5N1 was detected in dairy cows, the Export Library for Colombia has been updated to reflect restored access for beef from 14 states.

U.S. Meat Export Federation (USMEF) President and CEO Dan Halstrom issued the following statement:

On behalf of USMEF’s membership, I want to thank the U.S. government, and especially the teams at the USDA Animal and Plant Health Inspection Service (APHIS), Foreign Agricultural Service (FAS) and Food Safety and Inspection...

ANALYSIS: Pork Exports Surged to 10-Year Highs in July

The USDA's latest pork import/export report reveals a robust trend in U.S. pork exports, reaching a decade-high volume of 566,659 thousand pounds in July 2024. This marks an 8.1% increase from the previous month and a significant 12.3% year-over-year growth.

Mexico, a key trade partner, saw a substantial increase in U.S. pork imports, with a 25.6% month-over-month and 25.9% year-over-year surge, potentially driven by HPAI restrictions impacting US poultry exports, which has since begun to ease... 

ANALYSIS: Australia's Aug 2024 Beef Exports Dip from Record Highs; US-Bound Volumes at 9-Year High

Australia's August 2024 beef and veal exports scaled back from record highs to 121,797 metric tonnes (mt), the latest data from the Department of Agriculture, Fisheries, and Forestry (DAFF) revealed.

Volumes shed 6.3% (-8,201 mt) from July’s all time high of 129,998 mt. This decline was primarily driven by reduced exports to major clients such as Japan, China, and Korea, despite continued strength in exports to the tight United States (US) market.

Annually, exports surged by 19.0% (+19,446 mt), driven by increased... 

ANALYSIS: New Zealand's July 2024 Beef Exports Record 19.6% M-O-M Decline; Exports to China Nosedive

New Zealand’s beef exports in July 2024 amounted to 40,046 metric tonnes (mt), falling 19.6% or 9,734 mt compared to the same period last month, data from Stats NZ indicated.

Notable decreases were seen in exports to the United States (US) and China, in line with seasonal production patterns and lower cattle numbers. Year-on-year (y-o-y), exports fell 13.8% or 6,427 mt. Higher exports to the key Japanese, Canadian and Korean markets helped to mitigate further falls... 

USMEF Chair Sees Potential for U.S. Red Meat in Indonesia

USMEF Chair Randy Spronk joined a team of representatives from the Indiana Soybean Alliance (ISA) to meet with prospective buyers and study market opportunities for U.S. soybeans and red meat in Indonesia. USMEF member ISA, which has developed strong trade relationships providing soy protein in Indonesia, coordinated with USMEF staff on the day-long event.

USMEF ASEAN Director Sabrina Yin and Indonesia Representative Arrofi Satrio Alam set up a meet-and-greet for the ISA group with Indonesian meat importers and presented a...

Growth Expected for Brazil's Poultry and Swine Exports in H2 2024 - SIAVS

Eduardo Giannetti, a Brazilian economist, opened Brazil’s largest animal protein event, SIAVS, which took place last week from 6 to 8 August in Sao Paulo. In his address, Giannetti stated that Brazil’s economic outlook for 2024 has been revised upwards, with growth now forecast between 2-3%, an increase from the initial estimate of 1.5%. This revision is largely attributed to the strong recovery in Rio Grande do Sul, which has exceeded expectations despite challenges including its worst recorded flood and a...

ANALYSIS: Brazil Sets New Record High for Beef Exports in July 2024 

The Brazilian beef exports has achieved a new monthly record high in July after totaling 237,268 MT of fresh beef (frozen and chilled) shipped globally, according to the latest preliminary data from the Brazilian Foreign Trade Secretariat. This figure marks a notable 47.56% increase compared to the same period last year’s 160,795 MT and surpasses the previous record of 211,976 MT reached in May 2024 by 11.93%.

China remains the top destination for the Brazilian beef, with a significant increase in import volume last month... 

ANALYSIS: Exchange Rate Dynamics in Mexico’s Beef Industry

The exchange rate has been one of the main topics of conversation throughout 2024 in Mexico's beef industry, due to its significant impact on imports and exports. In both directions, it serves as an incentive to achieve higher returns from the purchase or sale of materials. 

Over the past 10 years, this influence has been particularly evident; as the peso strengthens against the dollar, exports tend to decrease, and vice versa. However, 2024 has presented a significant challenge. The volatility of the exchange rate, driven by both international and local factors...

ANALYSIS: Chicken Export Volumes in June

Total chicken exports from the U.S. for the month of June were mostly unchanged with only a miniscule 0.3% increase. This is in comparison to the 5-year average month-over-month (MoM) decrease for this period of -5.2%. Much of this may be attributed to improved economies for several countries compared to the past 5 years, as well as changes to HPAI trade restrictions.

The top five export destinations for the U.S. in June were Mexico, Cuba, Canada, Taiwan, and the Philippines. In the past five years, Mexico has... 

Beef Export Value Climbs in June; Pork Trends Lower in June but Posts Strong First Half

June exports of U.S. beef reached the highest value in nearly two years, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). While June pork exports were lower year-over-year, shipments through the first half of the year remained ahead of the record value pace of 2023.

Beef exports totaled 110,155 metric tons (mt) in June, down 4% from a year ago but the second largest of 2024. Export value reached...