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Russell Nemetz U.S. Beef Exports Strong
by Russell Nemetz, click here for bio

Program: Land & Livestock Report
Date: September 28, 2017

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Hi everybody it’s time for your Land and Livestock Report here on the Ag Information Network of the West’s-I’m Russell Nemetz.

US beef exports are up 11% YOY in volume for the year to July and up 15% YOY in value terms. This highlights the ongoing availability of product for export from the US, as well as challenges in exporting from Australia and Brazil. US beef exports are up for the year to date to Japan (22% YOY), Hong Kong (33% YOY), and Canada (5% YOY).

Australia has been restricted by availability of beef for export, while the 'weak flesh' scandal in Brazil slowed exports of all proteins in 1H 2017. At the same time, the US has recorded stronger-than-expected beef imports, which are up for the year to date by 11% YOY.

After reaching the trigger level, the Japanese government introduced safeguard measures and increased the tariff on imported frozen beef to 50%. This will impact all nations sending beef to Japan, apart from Australia, Mexico, and Chile, which have trade agreements.

That’s your Land and Livestock Report-I’m Russell Nemetz.

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