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U.S. Government Forecasts its Beef Imports Will Fall in 2016
By Ciaran Moran, AgriLand Sep 01, 2015
Latest forecasts from the US Department of Agriculture (USDA) show that US beef and veal imports look set to fall by 200,000t next year.
It says smaller volumes of imported beef, pork, cattle, and swine, plus lower pork and swine unit values, in fiscal 2016 from 2015 lead to a $1 billion, or 6%, decline in the total import value of livestock products.
Looking at beef in particular the USDA forecasts that in terms of value, imports will fall by $800m next year.
These projected changes are in contrast to increased imports of livestock products in 2015 despite larger production of domestic cattle and swine.
Higher unit values for imported beef and cattle in 2015 significantly raise their corresponding import values from 2014 levels.
Read Full Article on AgriLand »