Saturday, November 06, 2004

VI. Forecasted 2004 Canadian Beef Exports To The U.S.

"As 2004 gets closer to winding down, we can more accurately forecast what the final Canadian beef export numbers to the U.S. might look like.

Based on current trends, total beef exports in 2004 should be up 30% over 2003 to 513.000 tonnes on a carcass weight basis. This total would be down about 15% from 2002 but very similar to beef export levels of 2000.

Value of exports will total near $1.9 billion compared to $1.46 billion in 2003 and $2.22 billion in 2002. At present. US destined exports represent 73% of the total while Mexico is malting up 20-21 %. Most of the remaining portion is made up or trade to Macau. Moldova, and the EU."

Source: CanFax Newsletter 5 Nov 2004 Posted by Hello

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