Browse Data and Analysis

The economy of People’s Republic of China (PRC) is facing headwinds for the remainder of 2023 that should continue into 2024 even though officials are exploring various stimulus efforts.

FAS/Tokyo forecasts a drop in 2024 cattle inventory on greater slaughtering of dairy cows, slower calf production, and no live cattle imports in 2023 and 2024.

In April 2023, the Ministry of Agriculture, Forestry, and Fisheries (MAFF) implemented a special measure under the Compound Feed Price Stabilization System to augment feed compensation payments to livestock, poultry, and swine producers.

Beef and pork production in 2024 is forecast to increase due to stronger producer returns from lower feed prices, as well as increased domestic and international demand.

U.S. beef exports into the EU’s High Quality Beef (HQB) quota seem to finally have emerged from the impact of COVID-19 restrictions in the last quarter of the 2021/2022 quota year. In the quota year 2022-2023, U.S. beef exporters can at last start benefitting from the 2019 agreement with the EU about reserving a U.S. specific part of the HQB quota, which was negotiated between the United States and the European Union in 2009.

This semi-annual report includes data on U.S. and global trade, production, consumption and stocks, as well as analysis of developments affecting world trade...

On July 1, 2022, a new quota year starts for the EU High Quality Beef Quota. U.S. exporters can use this quota as well as the Hilton quota for exporting high quality bovine meat to the European Union. This report provides an update on the programs and the certification requirements for both tariff rate quotas.