Price for Cattle; Live, Other than Pure-Bred Breeding Animals in the United States - 2023
Contents:
- Price for Cattle; Live, Other than Pure-Bred Breeding Animals in the United States (CIF) - 2023
- Price for Cattle; Live, Other than Pure-Bred Breeding Animals in the United States (FOB) - 2023
- Imports of Cattle; Live, Other than Pure-Bred Breeding Animals in the United States
- Exports of Cattle; Live, Other than Pure-Bred Breeding Animals in the United States
Price for Cattle; Live, Other than Pure-Bred Breeding Animals in the United States (CIF) - 2023
In December 2023, the average import price for cattle; live, other than pure-bred breeding animalses amounted to $1,128 per unit, falling by -9.1% against the previous month. Over the period from December 2022 to December 2023, it increased at an average monthly rate of +1.1%. The growth pace was the most rapid in March 2023 an increase of 8.4% m-o-m. The import price peaked at $1,401 per unit in September 2023; afterwards, it flattened through to December 2023.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Canada ($1,704 per unit), while the price for Mexico stood at $897 per unit.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Mexico (+1.4%).
Price for Cattle; Live, Other than Pure-Bred Breeding Animals in the United States (FOB) - 2023
In December 2023, the average export price for cattle; live, other than pure-bred breeding animalses amounted to $1,209 per unit, increasing by 7.4% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.7%. The most prominent rate of growth was recorded in May 2023 an increase of 26% month-to-month. Over the period under review, the average export prices hit record highs at $1,309 per unit in September 2023; afterwards, it flattened through to December 2023.
Average prices varied noticeably for the major external markets. In December 2023, the country with the highest price was Mexico ($1,404 per unit), while the average price for exports to Canada amounted to $1,183 per unit.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+3.5%).
Imports of Cattle; Live, Other than Pure-Bred Breeding Animals in the United States
In 2022, overseas purchases of cattle; live, other than pure-bred breeding animalses decreased by -8.5% to 1.6M units, falling for the second consecutive year after two years of growth. Overall, imports saw a abrupt downturn. The growth pace was the most rapid in 2020 with an increase of 3.5% against the previous year. As a result, imports reached the peak of 2.1M units. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of cattle; live, other than pure-bred breeding animalses expanded rapidly to $1.7B in 2022. Over the period under review, imports continue to indicate a slight slump. Imports peaked at $1.8B in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Cattle; Live, Other than Pure-Bred Breeding Animals in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 919 | 822 | 804 | 1,073 | 5.3% |
| Mexico | 883 | 930 | 755 | 636 | -10.4% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1,803 | 1,752 | 1,558 | 1,709 | -1.8% |
Top Suppliers of Cattle; Live, Other than Pure-Bred Breeding Animals to the United States in 2022:
- Mexico (870.7K units)
- Canada (749.9K units)
Exports of Cattle; Live, Other than Pure-Bred Breeding Animals in the United States
After three years of growth, overseas shipments of cattle; live, other than pure-bred breeding animalses decreased by -15.6% to 387K units in 2022. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +11.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +39.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 58%. As a result, the exports reached the peak of 458K units, and then contracted notably in the following year.
In value terms, exports of cattle; live, other than pure-bred breeding animalses fell to $387M in 2022. Overall, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 99%. As a result, the exports reached the peak of $444M, and then declined in the following year.
| Export of Cattle; Live, Other than Pure-Bred Breeding Animals in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 189 | 194 | 349 | 290 | 15.3% |
| Mexico | 15.1 | 26.9 | 94.5 | 95.9 | 85.2% |
| Others | 0.6 | 1.9 | 0.6 | 0.5 | -5.9% |
| Total | 204 | 223 | 444 | 387 | 23.8% |
Top Export Markets for Cattle; Live, Other than Pure-Bred Breeding Animals from the United States in 2022:
- Canada (302.2K units)
- Mexico (84.4K units)
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