World Meat Import Demand to Fall

Transcription

1 Department of Agriculture Foreign Agricultural Service Circular Series il 9 World Meat Import Demand to Fall Year-to-Year Changes for 5-9 Percent 5 Pork Beef Broiler For the first time in over a decade, global imports of pork, beef, and broiler meats are all forecast to decline in a single year. Deterioration in the global economic situation, restrictive trade policies, the stronger U.S. dollar and changing market conditions, are among the reasons for falling demand in some major importing countries. The drop in global pork imports can mostly be attributed to a combination of cost prohibitive Russian out-of-quota tariffs, Ukraine s worsening economic conditions and currency devaluation, and greater Chinese pork production. These three countries account for over percent of world demand, but nearly 8 percent of the year-to-year drop. Weaker beef demand by many principal importers such as Russia, and South Korea will more than offset growth in the and the EU, two of the world s largest importers. Global imports of broiler meat are down mainly because of Russia, which accounts for 5 percent of world imports in 8. Russia s restrictive import quotas and cost prohibitive out-of-quota tariffs constrain trade, while production is expanding with newer facilities as the government is committed to becoming a net exporter in the near future. Note: Data in this document reflects the PSD ( and WASDE release of il 9, 9.. Approved by the World Agricultural Outlook Board - USDA

2 Livestock and Poultry: World Markets and Trade il 9 Contents Summary: Major Traders and U.S. Trade of Beef, Pork, and Poultry 9 Forecast Overviews Beef Pork Poultry Summary Tables Beef Summary Table Pork Summary Table Broiler Meat Summary Table Turkey Meat Summary Table Cattle Summary Table Swine Summary Table Notes to Readers Office of Global Analysis il 9

3 Production (p) 9 (f) Percent Change 8 to 9 Beef and Veal / 55,585 56,679 58,59 58,898 58,58 57,68 -.5% Pork / 9,7 9,55 96,56 9,7 98,,8.9% Broiler and Turkey / 6,58 67,98 69,9 7, 76,59 76,9 -.% Consumption, 9,,57 6,9,58,56.% Beef and Veal / 55, 56, 57,68 58,8 57,769 57,8 -.% Pork / 9,86 9,89 95,9 9,59 98,69,7.9% Broiler & Turkey / 6,78 67,7 68,89 7,95 75,57 76,7.9% Imports,88 7,565,8 5,79,68,6.8% Beef and Veal / 6,6 6,769 6,79 7, 6,8 6,6 -.% Pork /,7,7,9 5,87 5,96 5, -.% Broiler and Turkey / 5,85 6,6 6,76 7,57 8,5 8,69 -.9% Exports 6,8 8, 8,7 9,75,975 9,8-5.5% Beef and Veal / 6,658 7,5 7,57 7,6 7,565 7, -.% Pork /,76 5,6 5, 5,6 6,7 5,79 -.% Broiler and Turkey / 6,58 7, 7, 7,96 9,7 8,59-6.% U.S. Exports Summary: Major Traders and U.S. Trade of Beef, Pork, and Poultry 7,958 9,75 9,86,767,776,8-7.% Beef and Veal / % Pork / 989,9,59,5,7,87 -.% Broiler and Turkey /,7,68,69,96,65, -.%,569,,87 5, 6,8 5,666 -.% Change in Market Share U.S. Market Share (%) of Exports Among Major Traders Points Beef and Veal / % % 7% 9% % % % Pork / % % 6% 8% % % % Broiler and Turkey / 6% 5% 7% 7% 8% 5% -% Combined % % % % 8% 7% -% (p) preliminary; (f) forecast /, Metric Tons (Carcass Weight Equivalent) /, Metric Tons (Ready to Cook Equivalent) Note to Readers: s include only those countries that make up USDA s official PSD database are reported. This means totals do not encompass all production, consumption, and trade, but rather the sum of those countries reported in USDA s database, which represent the most important players in the world meat PSD situation. In an attempt to capture these major players, the list of countries reported changes periodically. Office of Global Analysis il 9

4 BEEF AND VEAL: 9 REVISED FORECAST OVERVIEW Note: Significant revisions in the historical and forecast Indian cattle and beef PSDs are included in the il 9 release. These revisions, particularly for 8 and 9 estimates and forecasts of beef production and trade, reflect new data and methodology more than a change in the actual forecast. Global Production Percent Lower on Reduced Cattle Supplies, Higher Input Costs and Lower Returns Cattle supplies in the and Argentina are forecast lower, generating tighter beef supplies. U.S. cattle inventory is at its lowest since 959. Increased ian slaughter in recent years has reduced supplies and spurred high prices, constraining domestic and foreign consumption growth. The sector also remains plagued by bankruptcies and plant closings by key packers. Argentina faces a shortage of feed reserves, the reduction of thousands of hectares of pastures (turned into cropland or affected by drought), and a smaller corn crop. China is adversely affected by rising input costs, and low returns. Alternatively, expansion in both EU and Canadian production is based on a decline in feed grain prices and higher slaughter. Consumption Shrinks for Most Countries, Strong Declines in Russia and Argentina In a period of global recession, consumers would be expected to shift to lower-cost animal proteins (such as pork and poultry) and non-animal proteins (such as fish and vegetable proteins), fewer meals at restaurants and smaller portions. In the case of South Korea, for example, beef is traditionally a side dish eaten at restaurants rather than at home. Initial survey data shows that when faced with diminished incomes, consumers will reduce eating out thus reducing beef consumption. Mexican and South Korean consumption will be dampened as they face higher import prices due in part to weaker currencies vis-à-vis the U.S. dollar. Global Imports Ease Percent as Economic Downturn Hits Beef Recession driven declines in consumption weakened Mexican and South Korean import demand. As Russian consumption contracts, imports are forecast down. Alternatively, tight U.S. supplies combined with a stronger dollar will bolster U.S. imports. EU imports are revised upward as more ian farms will be eligible to ship beef to the EU. World Exports Slump, Especially Almost no major beef exporter will avoid the global slump in import demand. Despite a more optimistic view of sales to the EU, a reduction in Russian and Middle East imports will result in the lowest level of ian exports since. Office of Global Analysis il 9

5 PORK: 9 REVISED FORECAST OVERVIEW Global Production Up, Driven by Chinese Growth Production is now forecast up percent from last year, as expansion in China (nearly 5 percent of world production) overshadows lower production for most other major producers. Chinese growth is fueled by continued government subsidies and strong domestic demand; production has fully recovered from the 7 blue ear disease outbreak. Canadian production is also up in part because of higher slaughter rates as live hog exports are lower and herd downsizing continues. However in the, reductions in both the domestic herd and Canadian live swine imports contribute to lower pork production. While in, production is constrained by the credit crunch on traders and packers, and less import demand from Russia. Slight ( Percent) Consumption Growth Fueled by China and the A stronger Chinese economy in the latter half of 9 is expected to spur consumption and more than offsets drops in Russian consumption due to trade-limiting import quotas. U.S. consumption remains relatively flat as lower production is offset by lower exports and higher imports. World Imports Forecast to Drop off Steeply Global pork imports are now forecast to drop percent from last year, with lower imports expected for 8 of the top importing countries. High Russian tariff rates for out-of-quota pork, economic weakness and credit problems are now expected to limit imports to the quota. Chinese imports will shrink as higher production supported by a production subsidy program reduces the need for larger imports. Less Ukrainian imports are expected following exceptionally high 8 imports, economic weakness and high imported pork prices because of currency devaluation. Global Exports Cut Pork exports are now cut by percent from last year with global economic weakness, the credit crunch, and trade restrictive policies. The is slashed coming off of record 8 exports as sales to major markets are limited by reduced imports by China and trade restrictive policies in Russia. The EU is now forecast down 7 percent from last year as a result of tighter supplies and deteriorating export opportunities. is forecast to fall below 8 due to the credit crunch and limited demand from Russia, s most important market. Office of Global Analysis il 9

6 BROILER MEAT: 9 REVISED FORECAST OVERVIEW World Broiler Meat Production Expected Virtually Unchanged From 8 Oversupply, falling prices, and shrinking imports due to the global economic slowdown, are expected to cause production to stagnate in 9. Over the previous years production had expanded by percent. Production in the, and China accounts for 55 percent of world output. Faced with large supplies and falling prices the ian broiler industry is expected to drastically lower their rate of growth although production is still forecast to expand by percent over last year. US production is expected to decline due to rapid increases in feed and energy costs. Over the longer term, continued adverse economic conditions coupled with lower prices and reduced domestic consumption are expected to dampen expansion. China s production growth is expected to slow down as the industry is experiencing losses due to avian influenza outbreaks, causing slaughterhouses to close. Russian and Ukrainian production continues to expand, aided by government subsidized credits and import restricting policies. Global Consumption Forecast Up Slightly But Below Past Growth Rates Higher production in the EU and will support expanding consumption in those countries. For the EU, despite rising domestic poultry prices, consumption continues to grow. US consumption is expected to decline due to the unsettled economic conditions as incomes are reduced. Chinese consumption growth is expected to slow as consumers shift to pork, their more favored meat, and unemployment rates of migrant workers rise; a major segment of the population that consumes poultry. Global Imports are Expected to Ease Slightly Imports are now forecast to decline slightly in 9, after imports had surged nearly percent over the previous years. Imports are expected to be constrained by restrictive import policies, high tariffs and weaker currencies in Russia and Ukraine, and oversupply in the case of. Alternatively, Chinese, Mexican, and EU imports are revised upwards as more broiler meat is expected to be consumed in these markets. World Exports Decline Lower exports from, the and the EU, which together account for 9 percent of global trade, reflects restrictive Russian import policies and intensified competition. Despite falling prices, ian exports are estimated to have much slower growth as exports are forecast only slightly higher than in 8, largely due to reduced imports by. EU exports face more competition from lower-cost countries like and the. Declining U.S. exports reflect tighter domestic supplies and overstocked markets, among other factors. Office of Global Analysis il 9

7 Beef and Veal Selected Countries, Metric Tons (Carcass Weight Equivalent) Production 8,59 9,5 9, 9, 9,95 8,95 8,9 8,5 8,88 8, 8,7 8, 5,68 5,767 6, 6, 6,6 6, Argentina,,,,5,6, India,5,75,,7,79,75,5,75,7,5,9, Australia,,8,7,59,7,,5,9,79,85,6,,55,,7,5,,75 Pakistan,5,57,89,,5,5 9,68 9,56 9,7 9,6 8,8 8,88 5,6 6,79 6,8 6,75 6,75 5,5,8,98,96,6,,5 56,679 58,59 58,898 58,58 58,955 57,68 Dom. Consumption 8,55 8,69 8,69 8,6 8,9 8,5 6,795 6,969 7, 7,5 7, 7,9 5,6 5,69 6,65 6,6 6, 5,968 Argentina,5,55,77,7,68,6,8,59,568,59,685,58,9,6,9,,8,8 India,6,69,75,85,975,875,88,59,8,7,9,9 Pakistan,9,9,8,8,66,55,79,85,69,,6,5,,76,75,698,85 9,95,5,55 5,79 5,7 5,9,8,66,8,89,5,8,55 56, 57,68 58,8 57,769 57,97 57,8 Notes: / May contain meat of other bovines. / From 9, Turkey is no longer included in the beef PSD. Data for 8 is preliminary. Data for 9 is forecast. Office of Global Analysis il 9

8 Beef and Veal Selected Countries Summary, Metric Tons (Carcass Weight Equivalent) Imports ,,7,, Korea, Republic of Venezuela Egypt Philippines Chile 5 9 5,6,59,6,678,68,56 5,7 5,9 5,77 5,68 5,656 5,76,6,99,8,5,,56 6,769 6,79 7, 6,8 6,869 6,6 Exports,85,8,89,8,5,675 Australia,88,,,7,5,5 India New Zealand Argentina Uruguay Paraguay Colombia ,999 6,998 6,99 6,79 6,9 6, ,5 7,57 7,6 7,565 7,865 7, Notes: / May contain meat of other bovines. / From 9, Turkey is no longer included in the beef PSD. Data for 8 is preliminary. Data for 9 is forecast. Office of Global Analysis il 9

9 Pork Selected Countries Summary, Metric Tons (Carcass Weight Equivalent) Production 5,55 6,55,878 6,5 6, 8,7,676,79,858,5,,,7,8,99,5,6,,75,85,9,6,8,5,9,898,89,9,77,96 Vietnam,6,7,8,85,85,85,5,7,5,9,, Philippines,75,5,5,9,,,95,8,5,6,7,5 Korea, Republic of,6,,,56,5, 5, 5,85 5,686 5,66 5,6 5,6 85,59 86,597 8,78 87,8 87,55 89,979 9,9 9,559 9,96,599,57,9 9,55 96,56 9,7 98, 97,86,8 Dom. Consumption 5,9 6,5,76 6,57 6,9 8,79,6,6,57,97,68,95,86,69,8,,9,89,59,5,7,86,88,76,99,9,6,9,55, Vietnam,58,7,855,88,889,88,556,88,5,6,6,5 Korea, Republic of,,,5,59,68, Philippines,98,9,7,5,, , 99 98,5 6,9 6,6 6,6 6,9 6,9 6,7 85,5 87,8 85,58 89,58 89, 9,87 8,669 8,6 8,966 8,8 8,566 8,88 9,89 95,9 9,59 98,69 97,6,7 Data for 8 is preliminary. Data for 9 is forecast. Office of Global Analysis il 9

10 Pork Selected Countries Summary, Metric Tons (Carcass Weight Equivalent) Imports,,5,,67,, , Korea, Republic of 5 7 Hong Kong Australia Singapore Belarus ,77,7,68 5,59 5,7, ,7,9 5,87 5,96 5,7 5, Exports,,8,86,75,75,5,8,8,,9,8, Chile Australia Korea, Republic of Vietnam 9 9 Serbia ,797,865,77,,7,5,9,59,5,7,,87 5,6 5, 5,6 6,7 6,5 5,79 Data for 8 is preliminary. Data for 9 is forecast. Office of Global Analysis il 9

11 Broiler Meat Selected Countries Summary, Metric Tons (Ready to Cook Equivalent) Production,,5,9,895,7, 9,5 9,55,5,,7,6 8,69 7,7 8, 8,56 8,95 8,6,98,59,68,8,86,795 India,9,,,9,77,5 9,8,5,6,78,775 Argentina,,,,,55, Iran,7,7,,5,5,5,66,58,5,67,6,6 South Africa, Republic of 88 96,5,7,, 9,87,5,775,,8,95 7,7 8,99 5,96 5,688 57,75 55,5 5,87 5,9 6,5 6,56 6,87 5,99 6, 6,9 68,87 7,9 7,7 7,5 Dom. Consumption,88,7,5,9,867, 8,8 7,655 8,58 8,97 8,565 8,595 6,6 6,85 7,8 7,79 7,757 8,5,868,6,67,,95,5,9,7,578,7,968,795 India,899,,9,89,77,5,88,97,95,98,95,95 Iran,,6,6,5,5,5 South Africa, Republic of,69,,9,58,,99 Argentina 9,9,,6,,85,76,78,7,,88,57 8,877 5,5 5,6 57,9 6,9 57,98,,67,58,6,68,66 6,7 6, 67,97 7,58 7,8 7,9 Notes: / Chicken paws are not included. Data for 8 is preliminary. Data for 9 is forecast. Office of Global Analysis il 9

12 Broiler Meat Selected Countries Summary, Metric Tons (Ready to Cook Equivalent) Imports,5,89,,59, Saudi Arabia Venezuela United Arab Emirates Vietnam Hong Kong ,95,967,8,6,756,69 6,8 6,6 6,997 7,697 7,86 7, , 6,85 7,5 7,7 7,86 7,555 Exports,79,5,9,,66, Thailand Argentina Kuwait Chile United Arab Emirates Australia ,68,95,7 5,8 5,5 5,,6,6,678,58,86,7 6,88 6,556 7,8 8,96 8,99 7,858 Notes: / Iraqi imports include all US broiler meat shipped to Turkey. / Chicken paws are not included in the trade data. Data for 8 is preliminary. Data for 9 is forecast. Office of Global Analysis il 9

13 Turkey Meat Selected Countries Summary, Metric Tons (Ready to Cook Equivalent) Production,99,858,79,76,75, South Africa, Republic of ,78,,7,5,5,5,6,5,66,796,7,596,9,96 5,7 5, 5,7 5,6 Dom. Consumption,888,8,769,75,75, South Africa, Republic of 9 7,69,575,67,6,66,658,6,95,,,57,75,865,87 5,8 5,5 5, 5, Notes: / From 8, Taiwan is no longer included in the turkey meat PSD. Data for 8 is preliminary. Data for 9 is forecast. Office of Global Analysis il 9

14 Turkey Meat Selected Countries Summary, Metric Tons (Ready to Cook Equivalent) Imports South Africa, Republic of Exports Notes: / From 8, Taiwan is no longer included in the turkey meat PSD. Data for 8 is preliminary. Data for 9 is forecast. Office of Global Analysis il 9

15 Cattle Selected Countries Summary (in, head) Cattle Beg. Stks India 8,5 8, 8, 8,7 8, 8, 69,567 7, 7,8 75,7 77,9 79,55,5 9,98,65 5,98 7,95 6, 89,9 89,67 88,6 89, 88, 89, Argentina 5,767 5,66 55,66 55,66 55,6 5,76 Colombia 7,7 8,5 9,6,95,, Australia 7,7 7,78 8, 8, 8, 8,58 7,57 6,99 6,6 6,75 7,9 7,, 9,85 9, 8,7 7,8 7,9 South Africa, Republic of,5,79,9,8,95,95 76,95 75,75 7,98 67,59 55,5 56, 9,7 9,85 895,96 89,56 88,69 886,85 9,8 96, 96,57 96,5 96, 9,9 995,9 997,57 99,59 988, ,89 98,776 Production (Calf Crop) India 56,5 57, 57, 57,5 57,96 57,75 7,9 8,88 8,85 9,98 9,66 9,56 9, 9,87 5,5 5, 8,5,,7,65,5,5,5,5 Argentina 5,8 5,8 5,9 5,,8, Australia 9,6, 9,69,8, 9,95 7,5 7,95 8, 8,5 8,5 8,55 7,95 7,55 7, 7, 6,97 6,97 Colombia 5,75 5,7 5,75 5,76 5,765 5,765 5,5 5,9 5,5 5, 5, 5,,5,69,58,8 7,66 7,78 5,9 5,77 57,86 56,9 55,6 5,7 7,6 7,6 6,759 6, 6,6 5,5 88,5 88,7 9,585 9,6 9, 86,57 Notes: / May contain other bovines. / From 8, the Philippines is no longer included in the cattle PSD. From 9, Turkey is no longer included in the cattle PSD. Data for 8 is preliminary. Data for 9 is forecast. Office of Global Analysis il 9

16 Cattle Selected Countries Summary (in, head) Imports South Africa, Republic of Egypt Ukraine ,86,89,95,8,,,76,798,,758,78, Exports 559,,,598,,5,59,75,89 78, 85 Australia South Africa, Republic of Uruguay Nicaragua New Zealand ,8,5,,,, ,,85,66,59,,99 Notes: / May contain other bovines. / From 8, the Philippines is no longer included in the cattle PSD. From 9, Turkey is no longer included in the cattle PSD. Data for 8 is preliminary. Data for 9 is forecast. Office of Global Analysis il 9

17 Live Swine Selected Countries Summary (in, head) Beginning Stocks,,9 8,5 9,895 6,66 6,6 56,97 59,5 6,56 59,7 58, 56,5,,98,7,97,87,77 6,5 6,55 7,8 8,87 9,5 9,56,8 5,,97,8,5,,,5,5,9 9,65 9,78 9,6 9,6 9,759 9,75 9,75 9,76 Korea, Republic of 8, 8,98 8,58 8,7 8,6 8, Ukraine 6,66 7,5 8,55 7, 5,9 6, Australia,5,9,7,65,55,8 7,6 5, 5,5,98 nr nr 76,99 7, 75,89 75, 75,5 7,5 6,98 6,6 6,56 68,77 67, 66, ,8 85, ,55 77,87 77,55 787,8 Production (Pig Crop) 68,587 65,8 59,8 65,978 65, 667,769 57,6 59,58 65, 6, 57, 57, 5,5 7, 9,5,76,,6,95,,5,85 6, 5,6,,7,8,9 9, 9,8 7, 6,95 7,5 6,95 6,88 6,85 5,5 5,7 5,65 5,5 5,6 5,75 Korea, Republic of,87,9,,79,7,76 Ukraine 6,865 7,5 6,986 6,58 6, 6,5 Australia 5,8 5, 5,8,,95,69 78,56 8,6 8,56 5, nr nr,,775,8,57,6,5,66,8,9,8,9,9,975 5,6,87,667,7,65,7,75,,9,9,,8,7,5,88,,7 Notes: / From 8, the Philippines and Vietnam are no longer included in the swine and pork PSD. Data for 8 is preliminary. Data for 9 is forecast. Office of Global Analysis il 9

18 Swine Selected Countries Summary (in, head) Imports Ukraine Korea, Republic of ,9 8,76, 9,8 7,8 7, 8,6 9,9,5, 8,65 7,96 Exports 8,5 8,777, 9,57 7,8 7,,769,7,69,65,, ,55,,,6,67,56,557, 9, ,778,6,68,655,7 9,956 Notes: / From 8, the Philippines and Vietnam are no longer included in the swine PSD. / From 9, Chile is no longer included in the swine PSD. Data for 8 is preliminary. Data for 9 is forecast. Office of Global Analysis il 9

19 Notes to Readers The Livestock and Poultry: World Markets and Trade circular is designed to give a snapshot of the current situation among the major players in world beef, pork, broiler meat, and turkey meat trade. Summary tables for meat production, imports, exports, and consumption provide an overview of the situation. Data Modifications Based on new information, the following countries have significant historical (pre-7) changes to the PSD: Cattle/Beef: India and Nicaragua Broiler Meat: Guatemala Conversion Rates Beef/Veal Pork Conversion Rate.. HS Codes Fresh/Chilled: Frozen: Processed: & 65 Fresh/Chilled:,, 9 Frozen:,, 9 Processed:,, 9, 6, 6, 69 Beef/Veal Exceptions: Argentina,, Uruguay: Exports:,.; and Imports:. for ALL beef/veal codes EU: Exports and Imports:,.; and , : Exports:. for ALL beef/veal codes Imports:,.; and Broiler Turkey and Other Poultry Conversion Rate HS Codes Fresh/Chilled: 7., 7. Frozen: 7., 7. Processed and Salted: 6.,.99 Broiler/Turkey Exceptions: U.S.,, and Argentina (997-): Chicken Paw Exports Excluded using - Hong Kong Imports/Exports: 7 China Imports: 7 U.S. Exports: 75 Fresh/Chilled: 7., 7.6, 7., 7., 7.5 Frozen: 7.5, 7.7, 7., 7.6 Processed: 6. Office of Global Analysis il 9

20 Argentina (5 to present): Exports exclude Argentina Paw Exports using Argentina Government sources. China: Imports include Hong Kong Broiler Meat Exports. Hong Kong: Excludes re-exports of Broiler Meat. : Imports exclude Spent Hens: 7, 7, 7, 7, 7, 7, 79, 79, 6, and 69. : Imports include Salted Poultry from South America and Thailand: 999. : Imports include Meat Sausage: 6 and 6 Assumptions BSE: Forecasts assume a continuation of trade policies due to BSE (bovine spongiform encephalopathy) currently in place by U.S. and Canadian trading partners as of il 9, 9. AI: Poultry trade forecasts reflect policies currently in place as a result of outbreaks of avian influenza (AI) as of il 9, 9. FMD: Forecasts reflect the status of the foot and mouth disease (FMD) situation in as of il 9, 9 and any resulting trade restrictions. Technical Notes Turkey Meat: Turkey meat summary tables are included in the circular for the convenience of readers but have not been revised since the ober 8 release. The turkey meat data series is only revised annually. CWE/PWE: All quantities (beef and pork) noted are in Carcass Weight Equivalent (CWE) unless otherwise noted as Product Weight Equivalent (PWE). CWE is the weight of an animal after slaughter and removal of most internal organs, head, and skin. PWE is the actual weight of the meat product exported. Per Capita Consumption: The Per Capita Consumption tables are only published with the ober circular. However, tables can be replicated/updated using Domestic Consumption data in the PSD and Census population data. Census population data is available in Excel format from USDA-Economic Research Service at FAS Reports from Overseas Offices The Livestock and Poultry: World Markets and Trade circular is based on post reports submitted since March 9 and on available secondary information. The individual country reports can be obtained on FAS Online at: PSD Online The entire USDA PSD database is available electronically on PSD Online. Users can use this system to generate the full set of PSD data for those countries reporting. PSD Online can be reached through Office of Global Analysis il 9

21 Additional Resources Please refer to the USDA-FAS Dairy, Livestock and Poultry website at: for additional data and analysis. Additional information on international trade of agricultural products can be found at: Situation and outlook information on the U.S. livestock and poultry industry can be obtained from the USDA-Economic Research Service at: Future Releases and Contact Information Please visit to view archived and future releases of Livestock and Poultry: World Markets and Trade. The next release of this circular will be in ober 9. Questions regarding this forecast as well as world trade of livestock and poultry products may be directed to the following staff: Michelle DeGraaf () Poultry (Broiler, Turkey and Other Poultry products) Claire Mezoughem () Cattle, Beef, Other animals and meat (horse, sheep, etc), Animal by products (rendered products, hides and skins) Lesley Taulman () 7-78 Swine and Pork Office of Global Analysis il 9