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US: Beef Up, Imports Down
US - The latest livestock report from the United States Department of Agriculture says beef exports are set to increase by 15% from 2007.A 13% increase in 2009 is also expected, as sales increase to Canada, Mexico and Japan. However, beef imports are expected to fall 9% as the cheap dollar makes imports more expensive.
The Ag Market Service says Canadian feeders are coming into the country at a higher rate than last year while slaughter cows and bulls crossing the border, “At a steady rate.” On the other hand, the number of cattle coming from Mexico is below last year and below the five-year average, reported Brownfield.
The number of cattle going to Mexico has picked up dramatically. It is estimated 125,000 head of cattle from the U.S. will be exported to Mexico this year, a 94% increase over 2007. The number is expected to increase to 130,000 in 2009.
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