Report Update: Jan 1, 2025

U.S. - Beef (Cattle Meat) - Market Analysis, Forecast, Size, Trends and Insights

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Beef Prices in the United States

U.S. Beef Import Price per Ton in August 2022

In August 2022, the beef price per ton amounted to $7.2K (CIF, US), remaining stable against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in February 2022 when the average import price increased by 5.2% month-to-month. Over the period under review, average import prices attained the maximum at $7.4K per ton in April 2022; however, from May 2022 to August 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Australia ($9.9K per ton), while the price for Brazil ($4.6K per ton) was amongst the lowest.

From January 2022 to August 2022, the most notable rate of growth in terms of prices was attained by Australia (+2.1%), while the prices for the other major suppliers experienced mixed trend patterns.

U.S. Beef Import Prices by Type

Average prices varied somewhat amongst the major supplied products. In August 2022, the highest price was recorded for prices from meat; of bovine animals, carcasses and half-carcasses, frozen ($8.4K per ton) and meat; of bovine animals, carcasses and half-carcasses, fresh or chilled ($8.4K per ton), while the price for meat; of bovine animals, boneless cuts, frozen ($6.4K per ton) and meat; of bovine animals, cuts with bone in (excluding carcasses and half-carcasses), fresh or chilled ($7.3K per ton) were amongst the lowest.

From January 2022 to August 2022, the most notable rate of growth in terms of prices was attained by meat; of bovine animals, carcasses and half-carcasses, fresh or chilled (+2.6%), while the prices for the other products experienced more modest paces of growth.

U.S. Beef Imports

After two months of decline, supplies from abroad of beef (cattle meat) increased by 1% to 81K tons in August 2022. Over the period under review, imports, however, showed a noticeable decrease. The pace of growth was the most pronounced in March 2022 with an increase of 26% m-o-m. As a result, imports reached the peak of 113K tons. From April 2022 to August 2022, the growth of imports remained at a somewhat lower figure.

In value terms, beef imports reached $589M (IndexBox estimates) in August 2022. In general, imports, however, showed a perceptible downturn. The most prominent rate of growth was recorded in March 2022 when imports increased by 23% m-o-m. As a result, imports attained the peak of $818M. From April 2022 to August 2022, the growth of imports remained at a somewhat lower figure.

U.S. Beef Imports by Type

Meat; of bovine animals, boneless cuts, fresh or chilled (42K tons), meat; of bovine animals, boneless cuts, frozen (33K tons) and meat; of bovine animals, cuts with bone in (excluding carcasses and half-carcasses), fresh or chilled (6.2K tons) were the main products of beef imports to the United States, with a combined 99% share of total imports. These products were followed by meat; of bovine animals, carcasses and half-carcasses, fresh or chilled, meat; of bovine animals, cuts with bone in (excluding carcasses and half-carcasses), frozen and meat; of bovine animals, carcasses and half-carcasses, frozen, which together accounted for a further 0.7%.

From January 2022 to August 2022, the biggest increases were in meat; of bovine animals, carcasses and half-carcasses, fresh or chilled (with a CAGR of +0.8%), while purchases for the other products experienced more modest paces of growth.

In value terms, the most traded types of beef (cattle meat) in the United States were meat; of bovine animals, boneless cuts, fresh or chilled ($332M), meat; of bovine animals, boneless cuts, frozen ($208M) and meat; of bovine animals, cuts with bone in (excluding carcasses and half-carcasses), fresh or chilled ($45M), with a combined 99% share of total imports. These products were followed by meat; of bovine animals, carcasses and half-carcasses, fresh or chilled, meat; of bovine animals, cuts with bone in (excluding carcasses and half-carcasses), frozen and meat; of bovine animals, carcasses and half-carcasses, frozen, which together accounted for a further 0.8%.

U.S. Beef Imports by Country

Canada (28K tons), Mexico (19K tons) and Australia (11K tons) were the main suppliers of beef imports to the United States, with a combined 71% share of total imports. New Zealand, Nicaragua, Uruguay and Brazil lagged somewhat behind, together comprising a further 26%.

From January 2022 to August 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Uruguay (with a CAGR of +8.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Canada ($198M), Mexico ($125M) and Australia ($110M) appeared to be the largest beef suppliers to the United States, together accounting for 73% of total imports. These countries were followed by New Zealand, Nicaragua, Uruguay and Brazil, which together accounted for a further 23%.

Uruguay, with a CAGR of +8.1%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the beef market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 947 - Buffalo meat
FCL 867 - Meat of cattle

Country coverage:

United States

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the U.S.
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2024
23. Production, In Value Terms, 2012–2024
24. Producing Animals Slaughtered, 2012–2024
25. Yield, 2012–2024
26. Imports, In Physical Terms, 2012–2024
27. Imports, In Value Terms, 2012–2024
28. Imports, In Physical Terms, By Country, 2024
29. Imports, In Physical Terms, By Country, 2012–2024
30. Imports, In Value Terms, By Country, 2012–2024
31. Import Prices, By Country Of Origin, 2012–2024
32. Exports, In Physical Terms, 2012–2024
33. Exports, In Value Terms, 2012–2024
34. Exports, In Physical Terms, By Country, 2024
35. Exports, In Physical Terms, By Country, 2012–2024
36. Exports, In Value Terms, By Country, 2012–2024
37. Export Prices, By Country Of Destination, 2012–2024