# An Update on 2024 U.S. Beef Trade | Ohio BEEF Cattle Letter

> USDA data show US beef exports fell 2.9% year over year in May 2024 and January-May exports are 4.9% below 2023, while beef imports rose 10.4% in May. USDA's June WASDE forecasts 2024 beef exports 7.2% lower than 2023 and a further 11.3% decline in 2025.

- Date: 2024-07-17 · published 2024-07-17T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/29215-an-update-on-2024-u-s-beef-trade-ohio-beef-cattle-letter
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Lower export demand and higher imports add supply to the US market, which is bearish for domestic cattle prices.

## Read by commodity

- LCATTLE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2024-04-01 | [Beef Trade Update Cattle Range](https://feedsoft.ai/events/30685-beef-trade-update-cattle-range.md) | -2.2% | -1.9% |
| LCATTLE | 2025-10-28 | [Cattle Markets React to Policy Uncertainty on Beef and Cattle Imports \| Ohio BEEF Cattle Letter](https://feedsoft.ai/events/6337-cattle-markets-react-to-policy-uncertainty-on-beef-and-cattle-imports-ohio-beef.md) | -1.4% | -8.8% |
| LCATTLE | 2019-06-03 | [Trade fights continue to batter U.S. live cattle, lean hog futures](https://feedsoft.ai/events/11384-trade-fights-continue-to-batter-u-s-live-cattle-lean-hog-futures.md) | -0.7% | -1.4% |
| LCATTLE | 2020-02-14 | [Cattle and beef trade: a look back and a look ahead \| Western Livestock Journal](https://feedsoft.ai/events/54545-cattle-and-beef-trade-a-look-back-and-a-look-ahead-western-livestock-journal.md) | -0.6% | -11.5% |
| LCATTLE | 2024-09-10 | [U.S. beef exports lower as cattle prices turn negative](https://feedsoft.ai/events/28245-u-s-beef-exports-lower-as-cattle-prices-turn-negative.md) | +0.3% | +4.5% |

## Sources

- u.osu.edu: https://u.osu.edu/beef/2024/07/17/an-update-on-2024-u-s-beef-trade/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.