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Will beef exports rise in ’24?

A cattle market specialist says US beef exports are poised for a strong year in 2024.

Cameron Bruett with JBS says 2023 beef exports have been down from last year’s record performance. “Our exports are down quite a bit, led by China, which is down nearly 23% for the year. Japan is down 21%. As a total I think we’re down about 15% on beef exports.”

Speaking to the Iowa Cattlemen’s Association on Thursday, he said he expects more purchases from China.The U.S. accounts for 7% of China’s imports, according to JBS.

“China has been an excellent growth opportunity for the U.S. Today, if you exclude the U.S., China is larger than the sum total of the top five beef importers in the world and you could just see just phenomenal growth in their beef imports in recent years.”

Bruett says the U.S. is the largest supplier of grain-fed beef to China.

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