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EPISODE 46 DETAILS

Beef Imports

Nebraska Poised to Fight Cultivated Meat

Nebraska Executive Order Enacted By Governor

U.S. beef imports totaled 342 million pounds in June, 16 percent higher year over year and 17 percent higher than the 5-year average. Once again, imports from Australia accounted for the largest portion of the year-over-year increase, up 75 percent from last year. Imports from Brazil were up nearly 51 percent year over year and imports from New Zealand were up 13 percent. Imports from smaller suppliers, including Argentina and Uruguay, were higher as well. Monthly imports from North America in June were significantly smaller than last year, with imports from Canada falling below 70 thousand for the first time since 2021. Throughout 2024, imports from Mexico have been consistently lower than the same period a year before. In light of of this information and with the lack of producers retaining heifers, many have speculated that there will be on pace to import 1 billions pounds of beef from both Australia and Canada.

Second-quarter imports totaled 1.012 billion pounds, a year-over-year increase of 12 percent. Leading that increase were imports from Australia, up nearly 59 percent year over year. The second-highest increase by volume in quarterly imports was from Uruguay, up almost 25 million pounds over the same period last year; Argentina sent nearly 13 million pounds more compared to last year. The chart below shows year-to-date imports through June for the top five suppliers. Imports from Australia continue to make up a much larger share of total imports compared to a year ago.

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