# Cattle Economics: Changes in International Beef Trade | UT Beef & Forage Center

> An analysis of changes in U.S. international beef trade notes that Japan has been the top beef and veal export destination since 2013. South Korea has been second for six years on a trade agreement. Average annual exports to each market over the past five years are cited at over 831 million and 648 million pounds.

- Date: 2022-10-02 · published 2022-10-02T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/39083-cattle-economics-changes-in-international-beef-trade-ut-beef-and-forage-center
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Concentration of export demand in Japan and South Korea makes cattle prices sensitive to access and demand in those two markets. Shifts in their buying would move U.S. cattle values.

## Read by commodity

- LCATTLE: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2022-11-23 | [Beef industry conflicted over international trade policy](https://feedsoft.ai/events/38607-beef-industry-conflicted-over-international-trade-policy.md) | +0.8% | +1.7% |
| LCATTLE | 2020-12-08 | [Access changes redefining global beef trade competition - Beef Central](https://feedsoft.ai/events/49596-access-changes-redefining-global-beef-trade-competition-beef-central.md) | -0.9% | +4.0% |
| LCATTLE | 2021-10-11 | [Lull falls over Australia’s northern cattle export trade - Beef Central](https://feedsoft.ai/events/44502-lull-falls-over-australia-s-northern-cattle-export-trade-beef-central.md) | +0.3% | +4.0% |
| LCATTLE | 2024-06-21 | [Cattle trade trends in North America \| Western Livestock Journal](https://feedsoft.ai/events/29680-cattle-trade-trends-in-north-america-western-livestock-journal.md) | +2.5% | -0.6% |
| LCATTLE | 2022-10-03 | [Cow-calf Corner: The importance of beef trade to the cattle industry  - Texas & Southwestern Cattle Raisers Association](https://feedsoft.ai/events/39082-cow-calf-corner-the-importance-of-beef-trade-to-the-cattle-industry-texas-and.md) | +0.7% | +4.2% |

## Sources

- utbeef.tennessee.edu: https://utbeef.tennessee.edu/cattle-economics-changes-in-international-beef-trade/

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