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U.S. Cattle Trade Numbers--A Perspective

Econ101

Well-known member
Source: http://www.ers.usda.gov/news/BSECoverage.htm



You are here: Home / Newsroom / Background Statistics: U.S. Beef and Cattle Industry
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Background Statistics:
U.S. Beef and Cattle Industry

For the most current coverage of the livestock industry see the monthly newsletter Livestock, Dairy, and Poultry. See also current cattle and beef industry forecasts and the market context in light of BSE developments.
U.S. Cattle and Beef Industry, 2002-2005

* Retail equivalent value of U.S. beef industry:
2002: $65 billion
2003: $71 billion
2004: $79 billion
2005: $79.5 billion

* Total U.S. beef consumption:
2002: 27.9 billion pounds
2003: 27.0 billion pounds
2004: 27.8 billion pounds
2005: 27.8 billion pounds

* Value of U.S. cattle and calf production:
2002: $27.1 billion
2003: $32.1 billion
2004: $34.8 billion
2005: $36.7 billion

* U.S. beef production (commercial carcass weight):
2002: 27.09 billion pounds
2003: 26.24 billion pounds
2004: 24.55 billion pounds
2005: 24.68 billion pounds

* U.S. beef exports (commercial carcass weight and value):
2002: 2.45 billion pounds, $2.646 billion
2003: 2.52 billion pounds, $3.190 billion
2004: 461 million pounds, $605 million
2005: 697 million pounds, $976 million
* U.S. beef exports as percent of production:
2002: 9.0 percent
2003: 9.6 percent
2004: 1.9 percent
2005: 2.8 percent

* U.S. commercial slaughter:
2002: 35.735 million head (including 29.4 million steers and heifers and 5.76 million cull beef and dairy cows)
2003: 35.49 million head (including 28.7 million steers and heifers and 6.1 million cull beef and dairy cows)
2004: 32.727 million head (27 million steers and heifers and 5.2 million cull beef and dairy cows)
2005: 32.387 million head (27 million steers and heifers and 4.86 million cull beef and dairy cows)

* Cattle inventory
o January 1, 2003:
+ U.S.—96.1 million, down from 1996 peak of 103.5 million
+ Canada—13.5 million head
o January 1, 2004
+ U.S.—94.9 million head (cyclical low)
+ Canada—14.7 million head
o January 1, 2005
+ U.S.—95.4 million head
+ Canada—15.1 million head
o January 1, 2006
+ U.S.—97.1 million head
+ Canada—14.8 million head
o See all U.S. and State cattle inventories

* Statistics on meat animal production

* U.S. livestock outlook/situation:

*

Livestock, Dairy, and Poultry Outlook (includes current situation and forecasts)
* World Agricultural Supply and Demand Estimates (all issues)
* U.S.-Canada cattle inventories

U.S. Beef Prices

* Context before discovery of BSE in the United States, December 23, 2003:
o Average monthly price in November 2003: $4.32/pound, Choice beef
o Previous monthly record high: $3.476 in June 2001, when market was adjusting to similar period of tight beef supplies
o Annual prices in 2003 averaged another record-high, $3.75/pound
o Supply and quality of beef nearing cyclical lows

* Post BSE discovery:
o Annual prices in 2004 averaged a record $4.07/pound
o Annual prices in 2005 set a new record $4.09/pound
o First half 2006, $4.01/pound

* Current cattle/beef prices:
o Daily Download PDF version
o Weekly Download PDF version

* Retail beef prices—annual, quarterly, monthly

U.S. Meat and Livestock Trade, 2002-2004 Excel

* U.S. meat and livestock imports/exports by country—current year-to-date and annual and monthly

Top markets for U.S. beef
(accounting for over 90 percent of total beef exports)




2002


2003


2004


2005

Volume


Value


Volume


Value


Volume


Value


Volume


Value

(Million lbs. carcass weight)




($million)


(Million lbs. carcass weight)




($million)


(Million lbs. carcass weight)




($million)


(Million lbs. carcass weight)




($million)

Japan


771


848


920


1,173


12


13


17


23

Mexico


629


647


589


640


334


399


464


578

South Korea


597


614


588


761


1


1


1


1

Canada


241


286


226


316


56


101


106


196

Note: Total beef exports include several processed meat categories, each of which is assumed to contain a specific portion of beef.
U.S.-Canada Beef and Cattle Trade

U.S. cattle imports from Canada:

* 2002: 1.7 million head
* 2003: 0.5 million head
* 2004: 2,981 head*
* 2005: 0.56 million head

U.S. cattle imports from all sources:

* 2002: 2.5 million head
* 2003: 1.75 million head
* 2004: 1.37 million head
* 2005: 1.815 million head

Share of U.S. cattle imports from Canada:

* 2002: 60 percent
* 2003: 29 percent
* 2004: 0.2 percent*
* 2005: 31 percent

Beef and veal imports from Canada (carcass weight):

* 2002: 1.091 billion pounds
* 2003: 0.74 billion pounds
* 2004: 1.062 billion pounds
* 2005: 1.092 billion pounds

Beef and veal imports from all sources (carcass weight):

* 2002: 3.217 billion pounds
* 2003: 3.005 billion pounds
* 2004: 3.679 billion pounds
* 2005: 3.599 billion pounds

Beef import share from Canada:

* 2002: 32 percent
* 2003: 25 percent
* 2004: 29 percent
* 2005: 30 percent

Beef imports from Canada as share of U.S. beef consumption:

* 2002: 3.9 percent
* 2003: 2.7 percent
* 2004: 3.8 percent
* 2005: 3.9 percent

Canadian beef markets: U.S., Mexico, Japan, Korea, and other countries.

Value of all Canadian beef/cattle exports (Canadian dollars):

* 2002
o $1.832 billion in live animals
o $2.225 billion in beef products
o $4.056 billion total sales

* 2003
o $0.592 billion in live animals
o $1.468 billion in beef products
o $2.060 billion in total sales

* 2004
o $0 in live animals
o $1.936 billion in beef products
o $1.936 billion in total sales

* 2005
o $628 million in live animals
o $1.868 billion in beef products
o $2.496 billion in total sales


*Note: Some products imported from Canada could be made from animals exported originally from the U.S. In addition, cattle shipments from Canada to the U.S. may include animals transshipped through Canada from Hawaii or Alaska.
 
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