U.S. Trade Balance in the Trade of Cattle and Calves, Beef and Veal - - PowerPoint PPT Presentation

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U.S. Trade Balance in the Trade of Cattle and Calves, Beef and Veal - - PowerPoint PPT Presentation

Oct 13, 2022 206 likes •330 views

U.S. Trade Balance in the Trade of Cattle and Calves, Beef and Veal A Disaster In the Happening Prepared by R-CALF USA Using Data Compiled by USDA Foreign Agricultural Trade of the United States (FATUS) December 17, 2009 Historic

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SLIDE 1

U.S. Trade Balance in the Trade of Cattle and Calves, Beef and Veal A Disaster In the Happening

Prepared by R-CALF USA Using Data Compiled by USDA Foreign Agricultural Trade of the United States (FATUS) December 17, 2009

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SLIDE 2

Historic Under-Production of Domestic Beef in Recent Years

R-CALF USA Conversion of imported cattle to beef accomplished by multiplying the number of imported cattle by each year’s average slaughter carcass weight.

1961 1963 1965 1967 1969 1971 1973 1975 1977 1979 1981 1983 1985 1987 1989 1991 1993 1995 1997 1999 2001 2003 2005 2007 Beef Produced from U.S. Cattle Imported beef and beef from imported cattle Beef Produced Exclusively from U.S. Cattle 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 Billions Pounds Year

Domestic Consumption in Excess of Domestic Production

Widest spread in history

  • f industry, 2004-2007

Imported Beef and Beef from Imported Cattle Total Domestic Beef Consumption Consumption Increases after 1993 Source: USDA FAS, USDA ERS

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SLIDE 3

Cattle and Beef Imports Capturing Growth in Domestic Beef Supply

R-CALF USA Conversion of imported cattle to beef accomplished by multiplying the number of imported cattle by each year’s average slaughter carcass weight.

1 9 8 5 1 9 8 7 1 9 8 9 1 9 9 1 1 9 9 3 1 9 9 5 1 9 9 7 1 9 9 9 2 1 2 3 2 5 2 7 Beef Produced from Domestic Cattle Total Domestic Production Beef Produced from Domestic Cattle 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 Billions Pounds

Origins of United States Beef Supply

Total Domestic Production Total Available Beef in U.S. Market 17 % of All Available Beef was Imported in 2007 10 % of All Available Beef was Imported in 1985 13 % of All Available Beef was Imported in 1996

Imported Beef Beef from Imported Cattle

Data Source: USDA-ERS

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SLIDE 4

U.S. Global Trade in Cattle and Beef

20-Year Cumulative U.S. Trade Balance = Negative $25.2 Billion

  • $5
  • $4
  • $3
  • $2
  • $1

$0 $1 $2 $3 $4 $5 $6 1 9 8 9 1 9 9 1 9 9 1 1 9 9 2 1 9 9 3 1 9 9 4 1 9 9 5 1 9 9 6 1 9 9 7 1 9 9 8 1 9 9 9 2 2 1 2 2 2 3 2 4 2 5 2 6 2 7 2 8 U.S. $ Billion U.S. Imports U.S. Exports FTA BALANCE Scource: USDA FATUS Trade Data R-CALF USA

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SLIDE 5

17 Countries Participate in Free Trade Agreements with the U.S.

  • Australia
  • Bahrain
  • Canada
  • Chile
  • Costa Rica
  • Dominican Republic
  • El Salvador
  • Guatemala
  • Honduras
  • Israel
  • Jordan
  • Mexico
  • Morocco
  • Nicaragua
  • Oman
  • Peru
  • Singapore
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SLIDE 6

U.S. Trade in Cattle and Beef With 17 FTA Countries

20-Year Cumulative U.S. Trade Balance = Negative $37.6 Billion

  • $3
  • $2
  • $1

$0 $1 $2 $3 $4 $5 1 9 8 9 1 9 9 1 9 9 1 1 9 9 2 1 9 9 3 1 9 9 4 1 9 9 5 1 9 9 6 1 9 9 7 1 9 9 8 1 9 9 9 2 2 1 2 2 2 3 2 4 2 5 2 6 2 7 2 8 U.S. $ Billion U.S. Imports U.S. Exports FTA BALANCE NAFTA Israel CAFTA Chile Singapore Jordan Morocco Bahrain Australia Note: The FTA's with Oman and Peru did not go into effect until 2009 Source: USDA FATUS Trade Data R-CALF USA

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SLIDE 7

U.S. Trade Balance in Cattle and Beef with Canada

20-Year Cumulative U.S. Trade Balance = Negative $22.6 Billion

  • $2
  • $1

$0 $1 $2 $3 1 9 8 9 1 9 9 1 9 9 1 1 9 9 2 1 9 9 3 1 9 9 4 1 9 9 5 1 9 9 6 1 9 9 7 1 9 9 8 1 9 9 9 2 2 1 2 2 2 3 2 4 2 5 2 6 2 7 2 8 U.S. $ Billion U.S. Imports U.S. Exports FTA BALANCE NAFTA Implemented in 1994 Source: USDA FATUS Trade Data R-CALF USA

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SLIDE 8

U.S. Trade Balance in Cattle and Beef with Mexico

20-Year Cumulative U.S. Trade Balance = Positive $1 Billion

  • $2
  • $1

$0 $1 $2 $3 1 9 8 9 1 9 9 1 9 9 1 1 9 9 2 1 9 9 3 1 9 9 4 1 9 9 5 1 9 9 6 1 9 9 7 1 9 9 8 1 9 9 9 2 2 1 2 2 2 3 2 4 2 5 2 6 2 7 2 8 U.S. $ Billion U.S. Imports U.S. Exports FTA BALANCE NAFTA Implemented in 1994 Source: USDA FATUS Trade Data R-CALF USA

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SLIDE 9

U.S. Trade Balance in Cattle and Beef with Canada and Mexico (NAFTA)

20-Year Cumulative Trade Balance = Negative $21.5 Billion

  • $2
  • $1

$0 $1 $2 $3 1 9 8 9 1 9 9 1 9 9 1 1 9 9 2 1 9 9 3 1 9 9 4 1 9 9 5 1 9 9 6 1 9 9 7 1 9 9 8 1 9 9 9 2 2 1 2 2 2 3 2 4 2 5 2 6 2 7 2 8 U.S. $ Billion U.S. Imports U.S. Exports FTA BALANCE NAFTA Implemented in 1994 Source: USDA FATUS Trade Data R-CALF USA

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SLIDE 10

U.S. Trade Balance in Cattle and Beef with Australia

20-Year Cumulative U.S. Trade Balance = Negative $14.4 Billion

  • $1,500
  • $1,000
  • $500

$0 $500 $1,000 $1,500 1 9 8 9 1 9 9 1 9 9 1 1 9 9 2 1 9 9 3 1 9 9 4 1 9 9 5 1 9 9 6 1 9 9 7 1 9 9 8 1 9 9 9 2 2 1 2 2 2 3 2 4 2 5 2 6 2 7 2 8 U.S. $ Million U.S. Imports U.S. Exports FTA BALANCE U.S.-Australia FTA Implemented in 2005 Source: USDA FATUS Trade Data R-CALF USA

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SLIDE 11

U.S. Trade Balance In Cattle and Beef With Chile

20-Year Cumulative U.S. Trade Balance = Negative $3.2 Million

  • $4
  • $3
  • $2
  • $1

$0 $1 $2 $3 $4 $5 1 9 8 9 1 9 9 1 9 9 1 1 9 9 2 1 9 9 3 1 9 9 4 1 9 9 5 1 9 9 6 1 9 9 7 1 9 9 8 1 9 9 9 2 2 1 2 2 2 3 2 4 2 5 2 6 2 7 2 8 U.S. $ Million U.S. Imports U.S. Exports FTA BALANCE U.S.-Chile FTA Implemented in 2004 Source: USDA FATUS Trade Data R-CALF USA

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SLIDE 12

U.S. Trade Balance In Cattle and Beef With Uruguay

20-Year Cumulative U.S. Trade Balance = Negative $1.8 Billion

  • $500
  • $400
  • $300
  • $200
  • $100

$0 $100 $200 $300 $400 $500 1 9 8 9 1 9 9 1 9 9 1 1 9 9 2 1 9 9 3 1 9 9 4 1 9 9 5 1 9 9 6 1 9 9 7 1 9 9 8 1 9 9 9 2 2 1 2 2 2 3 2 4 2 5 2 6 2 7 2 8 U.S. $ Million U.S. Imports U.S. Exports FTA BALANCE Source: USDA FATUS Trade Data R-CALF USA