# Beef exporters still counting on US herd rebuild boost | Farm Online | ACT

> Australian beef exporters say the US herd rebuild is taking longer than expected, which is keeping demand and prices weak in key markets. USDA's July livestock trade report raised its US beef production forecast by 1.4% to 12.4 million tonnes. US exports have been higher than expected, which has temporarily reduced demand for Australian beef.

- Date: 2023-07-28 · published 2023-07-28T12:00:00.000Z
- Category: report · region Australia · magnitude low
- Page: https://feedsoft.ai/events/35001-beef-exporters-still-counting-on-us-herd-rebuild-boost-farm-online-act
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Higher US beef output and exports compete with Australian beef in the short term and weigh on prices. Analysts expect a tighter global beef supply later, which could support prices over the next three to five years.

## Read by commodity

- LCATTLE: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2022-10-26 | [US Beef Demand Seen Falling in 2023 as Cattle Herd Continues to Shrink – The Van Trump Report](https://feedsoft.ai/events/39088-us-beef-demand-seen-falling-in-2023-as-cattle-herd-continues-to-shrink-the-van.md) | +0.7% | +1.6% |
| LCATTLE | 2026-07-02 | [USDA reports unusually large US beef export sales, raising doubts over data \| Reuters](https://feedsoft.ai/events/5240-usda-reports-unusually-large-us-beef-export-sales-raising-doubts-over-data.md) | -2.2% | -7.8% |
| LCATTLE | 2018-02-23 | [All eyes on US herd recovery \| North Queensland Register \| QLD](https://feedsoft.ai/events/66453-all-eyes-on-us-herd-recovery-north-queensland-register-qld.md) | -2.7% | -4.7% |
| LCATTLE | 2020-07-22 | [USDA Releases Report on Boxed Beef and Fed Cattle Price Investigation](https://feedsoft.ai/events/52238-usda-releases-report-on-boxed-beef-and-fed-cattle-price-investigation.md) | -0.0% | +6.9% |
| LCATTLE | 2017-01-01 | [USDA beefs up fed cattle price reporting](https://feedsoft.ai/events/73130-usda-beefs-up-fed-cattle-price-reporting.md) | -0.8% | +2.6% |

## Sources

- farmonline.com.au: https://www.farmonline.com.au/story/8287258/us-ranchers-cash-in-on-record-prices-drawing-out-rebuild/

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