Japan is expected to have a better starting stock of swine in 2024 with 8.97 million head. Despite the fact that manufacturing prices are nonetheless top, robust carcass costs and secure home call for must maintain manufacturing ranges. Slaughter in 2024 will probably be up, achieving 1.3 million MT, CWE however pig manufacturing will greater than stay tempo, so finishing stock in 2024 will probably be up yr on yr.
Beef is anticipated to proceed to be a primary protein supply for customers in Japan in 2024. Shoppers are settling on beef and beef merchandise as more cost effective selection animal protein resources. Call for for beef is anticipated to stay robust as this development continues in the second one part yr of 2023 via 2024. Home intake in 2024 is projected to be 2.79 million MT, CWE.
Aggressive pricing of frozen beef sustains top call for by means of meals processors in addition to the lodge, eating place, and institutional sectors. Japan’s beef imports are forecast to be secure in 2024 at 1.51 million MT, CWE. Expansion is projected in 2024 for imports of ready beef merchandise as tariff cuts take impact, particularly for floor seasoned beef (GSP), which is basically supposed for sausage production.
August 18, 2023/ USDA/ United States.
https://apps.fas.usda.gov