Cattle Imports

Total cattle imports into the United States have shown a notable increase of 5.30% so far this year, comparing January of both 2023 and 2024



Total Imports:

2022: 1,628,086

2023: 1,980,586

Jan-23: 145,846

Jan-24: 153,570

Change: 5.30%

Commentary:

Total cattle imports into the United States have shown a notable increase of 5.30% so far this year, comparing January of both 2023 and 2024.

This increase is primarily driven by a significant rise in cattle imports from Mexico, which saw a substantial uptick of 9.98% from January 2023 to January 2024.

In contrast, cattle imports from Canada experienced a slight decline of 2.14% during the same period.

When comparing the year-to-date data for Mexico and Canada in 2024:

Mexico has imported 98,439 head of cattle in January 2024, reflecting a significant increase from 89,509 head in January 2023.

Canada, on the other hand, has imported 55,131 head of cattle in January 2024, which is slightly lower compared to 56,337 head in January 2023.

Looking at trends from previous years:

In 2023, both Mexico and Canada showed an increase in cattle imports compared to 2022, with Mexico experiencing a larger growth rate.

The trend continues in January 2024, with Mexico's cattle imports showing a significant increase, while Canada's imports have slightly decreased compared to the same period in 2023.

These fluctuations in cattle imports from Mexico and Canada highlight the dynamic nature of the U.S. cattle market, influenced by factors such as trade agreements, market conditions, and domestic demand.