NOTE TO READERS
The Livestock and Poultry: World Market and Trade circular is designed to give the reader a snapshot picture of what is happening among the major players in world beef, pork, broiler meat, and turkey meat trade. Summary tables for meat production, imports, exports, and consumption are presented to provide an overview of the world situation. In addition, an explanation of significant changes in production, supply, and demand (PSD) is provided for major meat importing and exporting countries.
Beginning March 2004, the circular will be posted to the USDA and FAS website and transmitted electronically. The October 2003 circular represented the last printed version.
Australia beginning total cattle stock numbers are revised using an updated cattle inventory series, published on June 30, 2003 by Australian Bureau of Statistics (ABS). New Zealand total cattle beginning stock numbers and calf crop have been revised to match New Zealand's 2002 census numbers.
The production series for the European Union (EU) for 2002 and 2003 were revised to better reflect trends reported in official EU statistics for poultry meat. In October 2004, the complete PSD data series for the EU-15 will be changed to account for 10 new members to the EU. The new EU-25 data series will begin in 1999 and be based on consolidated EU-25 reporting by FAS offices in the EU. The 2005 forecasts will represent the production, supply, and demand (PSD) of 25 members in the EU.
The Ukraine broiler production series was revised from 1991 to 1994 to account for changes in the conversion rate from live weight to product weight equivalent.
Only those countries that make up USDA’s official PSD database are reported. This means world totals do not encompass all production, consumption, and trade, but rather the sum of those countries reported in USDA’s database, which represent the most important players in the world meat PSD situation. In an attempt to capture these major players, the list of countries reported changes periodically.
The entire USDA PSD database is available electronically on PSD Online. Users can use this system to generate the full set of PSD data for those countries reporting. PSD Online can be reached through http://www.fas.usda.gov/psd.
In addition, please refer to the USDA/FAS Dairy, Livestock and Poultry (DLP) website at: http://www.fas.usda.gov/dlp/dlp.html for additional data and analysis, such as International Agricultural Trade Reports, Trade at a Glance and Country Pages. These reports are posted regularly on the homepage covering analysis on current issues and topics, new trade data, and market competition.