2023 Horse Sale and Open House

AQHA Stallion sired by Palo Duro Cat (full brother to Sophisticated Cat), out of an own daughter of Docs Oak.

tory has dropped to the lowest point since 1962, and feedyard inventories are showing a decline,” says Gidley-Baird. “This is expected to cause a redistribution of global beef supplies and an overall tightening of the market.”

The Brazilian beef supply is expected to be even higher this year, with China remaining Brazil’s the main export destination, though average import prices in 2023 will likely drop due to the increase in volumes. China was a top-three US beef export destination in 2022, but growth in export volumes slowed throughout the year. As US supplies decline and prices increase, the US will face continued headwinds into China over the medium-term.

“The decline in US volumes should support increased trade from Australia,” explains Gidley-Baird. “Australia’s volumes will likely lift as prices ease, further supported by the potential increase in demand for chilled products with the growth in China’s retail beef sales. Meanwhile, an increase in retail sales via e-commerce and growth in the prepared dish market will provide opportunities for New Zealand exporters to capture more value.” ▫

Hereford Bulls For Sale

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