Browse Data and Analysis

In October 2023, the U.S. Department of Agriculture’s Plant and Animal Health Inspection Service and the Colombian Institute for Agriculture agreed on import requirements for U.S. bovine meat and bone meal (MBM) to Colombia. Colombia’s steady economy growth, increasing production of proteins, and growing demand for high quality pet food are creating new opportunities to increase exports of MBM products to the country.

The Ministry of Agriculture and Livestock and Food Supply of Brazil (MAPA) announced the opening of the Dominican Republic market for pork and beef products on August 9, 2023.

Since 2013, Venezuela’s total meat consumption has declined 66 percent due to prolonged economic collapse. However, since 2019, an improved economic environment has led to stabilized beef production and significant growth in the poultry sector.

The Canadian cattle herd is forecast to sustain the long-term trend of contraction in 2024. Drought impacts will see cow and heifer slaughter increase proportionally to herd size in 2023, limiting any growth potential.

Uruguayan beef exports in 2024 are forecast slightly up at 467,000 tons carcass weight equivalent as a result of a projected larger beef output with a marginal increase in the domestic demand.

Highlight: Beef production and exports in 2024 are projected to increase marginally. Exports at 445,000 tons carcass weight equivalent would be the second highest on record.

Beef production in 2024 is projected at 3.12 million tons carcass weight equivalent (CWE), down marginally from 2023, a year with high slaughter levels because of a severe drought.

The Brazilian economy is slowly recovering from the negative impacts of the COVID pandemic on its GDP growth, employment rates, and in most sectors of the economy.

Beef and pork production in 2024 is forecast to increase due to stronger producer returns from lower feed prices, as well as increased domestic and international demand.

The 2022 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world during the 2022 calendar year.

The Canadian cattle herd will continue to contract in 2023. With a smaller cow herd and reductions in heifer retention the 2023 calf crop is expected to be smaller relative to 2022. Feed price volatility and drought concerns, coupled with a contracting U.S. herd, will see live cattle import numbers fall once again.

Since the Netherlands lifted all COVID-19 related restrictions at the end of February 2022 and most people returned to the workplace, new opportunities continue to emerge for U.S. agricultural products. Consumers are especially interested in healthier, more convenient, nutritious, and high-quality products.