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Ranchers.net

5/19/2009 8:45:00 AM


Increased Beef Imports From Australia Drive Outlook For 2009



U.S. beef imports increased 10 percent in the first quarter of 2009. Australia, which typically vies with Canada to be the largest foreign source of beef in the United States, increased its exports to the United States by 42 percent. Australian producers’ exports are also being affected by the global economic slowdown. As a result, some Australian beef that went to Asian and Russian markets last year under normal economic conditions is now being redirected to the United States.
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