Beef and Cattle
In 2019, the value of U.S. beef and beef product exports to the world shrank by 3 percent from the prior year record to $8.1 billion, the second highest level ever. The top three markets, accounting for 61 percent of sales, were Japan, South Korea, and Mexico, at $2 billion, $1.8 billion, and $1.1 billion, respectively. Lower year-over-year exports were driven by a decline in shipments to Japan, Hong Kong and Canada. With the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) going into effect in late-2018, the United States began facing a competitive disadvantage in Japan, its top export market, and lost market share to Canada, New Zealand, and Mexico. Furthermore, tariff and non-tariff barriers in the Chinese market prevented the United States from capitalizing on increased Chinese demand. Despite a year-over-year increase in shipments to China, U.S. market share in China is less than 1 percent. Overall, exports accounted for 11 percent of U.S. domestic production. The United States was the world’s largest beef producer, second-largest importer, and fourth-largest exporter by volume in 2019.
USDA's latest official data on U.S. and global trade, production, consumption and stocks, as well as analysis of developments affecting world trade in livestock, can be found in the Livestock and Poultry: World Markets and Trade report.