Price for Cattle; Live, Pure-Bred Breeding Animals in the United States - 2023
Contents:
- Price for Cattle; Live, Pure-Bred Breeding Animals in the United States (FOB) - 2023
- Price for Cattle; Live, Pure-Bred Breeding Animals in the United States (CIF) - 2023
- Exports of Cattle; Live, Pure-Bred Breeding Animals in the United States
- Imports of Cattle; Live, Pure-Bred Breeding Animals in the United States
Price for Cattle; Live, Pure-Bred Breeding Animals in the United States (FOB) - 2023
In September 2023, the average export price for cattle; live, pure-bred breeding animalses amounted to $1,893 per unit, falling by -23.3% against the previous month. Over the period under review, export price indicated modest growth from September 2022 to September 2023: its price increased at an average monthly rate of +1.6% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, cattle; live, pure-bred breeding animals export price decreased by -23.3% against August 2023 indices. The growth pace was the most rapid in April 2023 when the average export price increased by 34% month-to-month. The export price peaked at $2,539 per unit in May 2023; afterwards, it flattened through to September 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Guyana ($3,700 per unit), while the average price for exports to Iran ($636 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cattle; Live, Pure-Bred Breeding Animals in the United States (CIF) - 2023
The average import price for cattle; live, pure-bred breeding animalses stood at $1,858 per unit in September 2023, falling by -12.8% against the previous month. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2023 when the average import price increased by 26% against the previous month. As a result, import price reached the peak level of $2,433 per unit; afterwards, it flattened through to September 2023.
As there is only one major supplying country, the average price level is determined by prices for Canada.
From September 2022 to September 2023, the rate of growth in terms of prices for Canada amounted to -0.3% per month.
Exports of Cattle; Live, Pure-Bred Breeding Animals in the United States
In 2022, after three years of growth, there was significant decline in overseas shipments of cattle; live, pure-bred breeding animalses, when their volume decreased by -31.3% to 36K units. In general, exports, however, saw resilient growth. The growth pace was the most rapid in 2021 when exports increased by 68%. As a result, the exports attained the peak of 52K units, and then dropped remarkably in the following year.
In value terms, cattle; live, pure-bred breeding animals exports shrank significantly to $66M in 2022. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +7.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 34% against the previous year. As a result, the exports attained the peak of $92M, and then reduced notably in the following year.
| Export of Cattle; Live, Pure-Bred Breeding Animals in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 18.8 | 15.2 | 25.5 | 26.2 | 11.7% |
| Canada | 10.8 | 8.7 | 19.5 | 18.4 | 19.4% |
| Russia | 6.8 | N/A | 0.3 | 5.4 | -7.4% |
| Pakistan | 4.9 | N/A | 16.0 | 4.6 | -2.1% |
| Vietnam | 3.1 | 17.7 | 13.6 | 4.5 | 13.2% |
| Thailand | 0.9 | 4.3 | 6.1 | 2.8 | 46.0% |
| Lao People's Democratic Republic | N/A | N/A | N/A | 2.5 | 0% |
| Uzbekistan | N/A | 7.8 | N/A | N/A | 0% |
| Egypt | 4.2 | 5.3 | N/A | N/A | 26.2% |
| Qatar | N/A | 7.7 | 0.9 | N/A | -88.3% |
| Turkey | N/A | N/A | 7.3 | N/A | 0% |
| Others | 4.4 | 1.3 | 2.5 | 2.0 | -23.1% |
| Total | 54.0 | 68.1 | 91.6 | 66.4 | 7.1% |
Top Export Markets for Cattle; Live, Pure-Bred Breeding Animals from the United States in 2022:
- Mexico (17.8K units)
- Canada (8.1K units)
- Pakistan (2.6K units)
- Russia (2.5K units)
- Vietnam (1.8K units)
- Lao People's Democratic Republic (1.7K units)
- Thailand (0.9K units)
Imports of Cattle; Live, Pure-Bred Breeding Animals in the United States
For the fourth consecutive year, the United States recorded growth in overseas purchases of cattle; live, pure-bred breeding animalses, which increased by 106% to 7.5K units in 2022. In general, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, cattle; live, pure-bred breeding animals imports skyrocketed to $13M in 2022. Overall, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cattle; Live, Pure-Bred Breeding Animals in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 3.9 | 4.3 | 5.5 | 13.1 | 49.8% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 3.9 | 4.3 | 5.5 | 13.1 | 49.8% |
Top Suppliers of Cattle; Live, Pure-Bred Breeding Animals to the United States in 2022:
- Canada (7.5K units)
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