| For the most current coverage of the livestock industry
see the monthly newsletter Livestock,
Dairy, and Poultry
U.S. cattle and beef industry in 2002 and 2003
- Retail equivalent value of U.S. beef industry:
2002: $65 billion
2003: $70 billion, estimated
- Value of U.S.
cattle and calf production:
2002: $27.0 billion
2003: $32.2 billion
- U.S. beef production:
2002: 27.09 billion pounds (commercial
carcass weight)
2003: 26.30 billion pounds,
estimated (commercial carcass weight)
- U.S. beef exports:
2002: 2.45 billion pounds
(commercial carcass weight), valued at $2.610 billion
2003: 2.58 billion pounds
(commercial carcass weight), valued at $3.266 billion,
estimated
- U.S. beef exports as percent of production:
2002: 9.0 percent
2003: 9.8 percent, estimated
- U.S. commercial slaughter:
2002: 35.737 million head (including
29.4 million steers and heifers and 5.76 million cull
beef and dairy cows)
2003: 35.5 million head (including
28.7 million steers and heifers and 6.1 million cull
beef and dairy cows)
- Cattle inventory
- January 1, 2003:
- U.S.—96.1 million, down from 1996 peak
of 103.5 million
- Canada—13.4 million head
- January 1, 2004
- U.S.—94.9 million head
- Canada—14.7 million head
- Montana—2.4 million head
- South Dakota—3.7 million head
- Washington—1.1 million head
- Statistics
on meat animal production
- U.S. livestock outlook/situation:
U.S.-Canada
cattle inventories
U.S. beef prices
- Context for before discovery of BSE in the United
States
- Average price in November: $4.32/pound, Choice
beef
- Prices in 2003 record-high
- Supply and quality of beef nearing cyclical
lows
- Previous record high: $3.476 in June 2001, when
market was adjusting to a similar period of tight
beef supplies
- Current cattle/beef prices:
- Retail
beef prices—annual, quarterly, monthly
U.S. meat and livestock trade, 2002 and 2003
- U.S. meat and livestock imports/exports by country—2003
year-to-date and annual and monthly
| Top markets
for U.S. beef, 2002,
account for 92 percent of total beef exports |
2003 |
| |
Volume |
Value |
Volume |
Value |
| (Million
lbs. carcass weight) |
($ Million)
|
(Million
lbs. carcass weight) |
($ Million)
|
| Japan |
771 |
854 |
920 |
1,185 |
| Mexico |
629 |
615 |
589 |
625 |
| South Korea |
597 |
619 |
588 |
756 |
| Canada |
241 |
286 |
226 |
309 |
- U.S.-Canada beef and cattle trade
- U.S. cattle imports from Canada:
- 2002: 1.7 million head
- 2003: 0.5 million head
- U.S. cattle imports from all sources:
- 2002: 2.5 million head
- 2003: 1.75 million head
- Share of U.S. cattle imports that come from Canada:
- 2002: 60 percent
- 2003: 29 percent
- Beef and veal imports from Canada:
- 2002: 1.091 billion lbs. (carcass weight)
- 2003: 0.74 billion lbs. (carcass weight)
- Beef and veal imports from all sources:
- 2002: 3.217 billion lbs. (carcass weight)
- 2003: 3.005 billion lbs. (carcass weight)
- Beef import share from Canada:
- 2002: 32 percent
- 2003: 25 percent
- Beef imports from Canada as share of U.S. beef consumption:
- 2002: 3.9 percent
- 2003: 2.7 percent
- Canadian beef markets: U.S., Mexico, Japan, Korea,
and other countries.
- Value of all Canadian beef/cattle exports (Canadian
dollars):
- 2002
- $1.4 billion in live animals
- $1.8 billion in animal products
- $3.2 billion total sales
- 2003
Want more information?
International
Trade of Meat/Poultry Products and Food Safety Issues
(November 2003, Economic Research Service)
Dissecting
the Challenges of Mad Cow and Foot-and-Mouth Disease
(August 2001, Economic Research Service)
for more information, contact: Ron
Gustafson 202-694-5174; Kenneth
H. Mathews, Jr. 202-694-5183 |
