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The 2024 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world during the 2024 calendar year.

The Canadian cattle herd continued to experience contraction to begin 2025, however, there are signs of herd stabilization as cow slaughter declines and producers indicate an increase in heifer retention for beef replacement.

In 2023, Peru was the 28th-largest market for U.S. agricultural exports, valued at $851 million, making it the 3rd-largest market in South America. The U.S.-Peru Trade Promotion Agreement (PTPA) entered into force in February 2009, and U.S. agricultural exports reached $1 billion for the first time in 2014, peaking at $1.36 billion in 2018. The United States accounts for 14 percent of Peru's agricultural import market share, positioning it as the second-largest supplier to the country.

The Canadian cattle herd is forecast to sustain the long-term trend of contraction to begin 2025 but will begin to stabilize by year’s end on improved feed pricing and availability.

The 2023 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world during the 2023 calendar year.

Health Canada is proposing a policy revision for foods derived from somatic cell nuclear transfer (SCNT), cattle and swine and their progeny.

The Canadian cattle herd continues its sustained contraction in 2024. A smaller beef cow inventory will see the 2024 calf crop decline. Improved cattle prices may signal improved heifer retention if moisture conditions and pastures improve, or producers could see this as an opportune time to maximize exiting the industry during a time of better returns.

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.

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.

Peru is the third-largest South American market for U.S. consumer-oriented agricultural products. Increasing wealth and lower barriers to entry were facilitated by the implementation of the U.S.-Peru Trade Promotion Agreement (PTPA), resulting in a 423-percent increase in consumer-oriented exports from $65 million in 2009 to $340 million in 2021.

Further contraction in the Canadian herd is forecast in 2023 driven by lingering impacts from the 2021 drought. A smaller cow herd will result in a reduced calf crop and lower beef production compared to 2022.