The U.S. Department of Agriculture (USDA) projects a notable increase in Australia’s exports of live cattle and beef in 2024, driven by the completion of a herd rebuild phase that bolsters supply. Anticipated growth includes a more than one-third rise in live cattle exports and a 9% increase in beef shipments compared to the previous year. Australia, a major agricultural exporter, is set to capitalize on expanded supply levels, with live cattle exports expected to reach 850,000 head and beef and veal exports estimated at 1.705 million metric tons. Key markets for Australian exports include Indonesia, Vietnam, China, the United States, Japan, and South Korea. The USDA highlights the potential for increased demand for Australian beef imports in the United States and opportunities to regain market share in key markets following a period of herd rebuilding.
Australia to Increase Live Cattle and Beef Exports in 2024, USDA Forecasts