Browse Data and Analysis

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.

FAS/Seoul forecasts 2025 Korean cattle production and slaughter will drop to 951,000 head and 1,078,000 head respectively. FAS/Seoul forecasts 2025 beef imports to dip to 574,000 metric tons (MT).

The efficiency of Ukraine’s beef production remains low, with most beef derived from dairy animals.

Post expects livestock numbers and beef production to continue their decrease through 2025. Beef production efficiency remains low, with the majority of beef derived from dairy and dual-purpose animals.

Both EU beef and pork production, as well as exports, are forecast to temporarily increase this year. Beef production will increase because of high carcass and beef prices combined with an overall dim outlook for the sector, incentivizing farmers to slaughter their cattle.

The Bulgarian livestock industry is experiencing strong production growth in 2024, following the expansion of swine numbers and commercial cattle numbers in 2023.

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.

In 2023, Ukraine's cattle inventory and beef production remained on a three-decade-long downward trend. The decrease in consumer numbers and comparatively high beef prices resulted in a domestic consumption drop and increased exports of both live cattle for slaughter and beef.

While EU beef production is forecast to further decline in 2024 due to a structural unprofitability of the sector and mounting environmental regulations, the EU pork supply is projected to rebound in 2024.

Ample opportunities exist for U.S. agricultural exports to South Korea. Highlighted in the chart above, U.S. agricultural product exports were a record $9.5 billion in 2022, up 2 percent from 2021. South Korea is the sixth largest export market for the United States, thanks in part to a successful free trade agreement (KORUS) between the two countries and a robust demand for high-quality U.S. food products.

The Swedish Veterinary Institute (SVA) announced it found African Swine Fever (ASF) in 13 dead wild boars.

Both EU beef and pork production are trending down to record lows in 2023 and 2024.