US Imports of Fed Cattle Increase
US - Imports of fed cattle from Mexico and Canada into the US are increasing, according to the latest USDA Livestock, Dairy and Poultry Outlook.
19 July 2012
1 minute read
US cattle imports through May were up 21 per cent, year-over-year, with imports from Mexico and Canada up 29 and 7 per cent, respectively.
Drought conditions extending into Mexico have continued pulling imports of feeder cattle northward. The price differential between Mexico City feeders and imported 500-600 pound feeder cattle has also continued widening thus far through much of the year to date. USDA’s Agricultural Marketing Service (AMS) weekly reports show Mexican cattle imports increasing at higher rates through June as imports are 31 percent higher, year-over-year.
Canadian cattle imports through June are nine per cent higher, year-over-year. The increase in imports from Canada has been primarily in feeder cattle (+92 per cent, year-over-year). Canadian feeder cattle prices have deteriorated in recent weeks due to due grain cost uncertainty and limited demand for feeders in Canadian feedlots.
Total US cattle imports for 2012 are forecast at 2.175 million head as conditions for stronger year-over-year imports from both Canada and Mexico are expected to continue. US cattle imports for 2013 are forecast at two million head.
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Further ReadingYou can view the full report by clicking here. |
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