U.S. Beef Industry Stands to Gain Global Market Share
The U.S. beef industry stands to benefit from a variety of situations that could curb beef shipments in Australia, India and Brazil. In a recent report in the Cow Calf Corner newsletter, Oklahoma State University Extension Livestock Marketing Specialist Derrell Peel pointed out that 71% of total beef exports come from (in order): India, Brazil, Australia, the U.S. and New Zealand.
India is working to ban bovine slaughter. Brazil has been hit by by multiple bribery scandals involving its meat sector. And Australia is still working to rebuild drought-depleted supplies.
"The U.S. is in a unique temporary position to increase global market share in major export markets given the disruptions and uncertainty among other major beef exporters. The long anticipated opening of China to U.S. beef will provide an opportunity for U.S. beef exports to grow significantly over time," according to Peel.
