(The Epoch Times)—According to Meat and Livestock Australia (MLA), the United States was the top export destination for Australian beef in the first three months of 2024. Australian beef exports to the United States soared as American production fell, and this trend is expected to continue.
“Global beef exports from the U.S. are likely to place significant pressure on supply for the remainder of 2024,” the report (pdf) stated. “The continual decline in North American beef production, which has been ongoing since at least January 2023, has now begun to materially affect global markets this year.”
Demand from Japan, South Korea, and the United States may increase competition for beef for the remainder of the year. The report noted higher Australian production will partially offset the supply gap, but not enough to compensate for a decline in U.S. supply.
“The U.S. was the largest export market for Australia in Q1, as Australian beef makes up for shortfalls in dairy cow slaughter, and as American production falls, exports are set to continue rising,” the report said.
“At the same time, Australian market share for high-quality beef in Japan and Korea will continue lifting as U.S. exports fall, and strong Australian supply will go some way to making up the shortfall.”
China Has Seen a ‘Slowdown’
China’s economic performance will be a key question for the rest of the year. The report noted that China, the world’s largest beef importer, had seen a “slowdown in key economic indicators” and below-trend consumer sentiment.
“This has impacted import pricing and has markedly slowed import volume growth. If export volumes into China begin to decline materially, it would further accelerate the diversification of South American exports and likely put considerable pressure on cattle prices,” the report said.
Key Beef Export Stats
The report revealed that Australia produced 570,681 tonnes of beef and veal in the first quarter of 2024. This represented a staggering 15 percent increase over the first quarter of 2021 but 1 percent less than the previous quarter.
Australia’s domestic market was the largest, accounting for 28 percent of local production in quarter one of 2024. Australian exports to North America in the first quarter of 2024 surged by 86 percent compared to the prior corresponding quarter to 104,797 tonnes of carcass-weight equivalent (CWE).
Exports to Japan grew by 25 percent yearly to 85,581 tonnes, while China exports rose 9 percent to 73,569 tonnes. Conversely, South Korean exports dropped 8 percent to 53,612 tonnes.
Exports from Australia to all other markets jumped 17 percent compared to the first quarter of 2023.
Outlook ‘Positive’
MLA Global Supply Analyst Tim Jackson said overseas supply dynamics have a major impact on the Australian beef industry.
“Although a small part of global production, Australia is a major player in export markets. So far in 2024, the United States has emerged as the largest market for Australian beef,” he said.
He said long-running destocking in the United States had driven American production down.
“This has boosted demand for Australian beef in the United States, Japan, and South Korea, where the U.S. competes with Australia for imported share,” he said.
Mr. Jackson said the outlook for Australian exports is optimistic, pointing out supply shortages and Australia’s dollar.
“Alongside the decline in U.S. production, South American slaughter has been very high as drought conditions persist in key cattle-producing regions. As conditions normalize, production is likely to decline, further reducing the global beef supply,” he said. “Despite low consumer confidence, unemployment remains low in most advanced countries, and inflation has been falling in most of our export markets. At the same time, a weak Australian dollar has made Australian beef more competitive on the global market.”
US East Coast Popular for Beef and Veal Exports
Separate Australian red meat export statistics released by the Department of Agriculture, Fisheries and Forestry broke down Australian beef exports to the United States east coast, west coast, and Canada.
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The red meat export figures updated July 15 show Australia exported 15.65 million kilograms of beef and veal to the east coast and 2.92 million kilograms to the west coast, making the United States the leading export market for beef and veal in kilograms. In addition, Australia sent 1.28 million kilograms of beef and veal to Canada.
Australia also exported 13.24 million kilograms of beef to Japan, 9.4 million to Korea, 1.83 million to Japan, 15.59 million to other Asia, 1.6 million to the Middle East, 0.57 million to the European Union, 0.028 million to Western Europe, and 0.68 million to other destinations.
Minister for Agriculture Murray Watt said in June that Australian meat is “hugely” desired for its quality, health, sustainability, and flavour.
“That’s why so many countries are stocking our product and why demand for it continues to grow,” he said.
Five Things New “Preppers” Forget When Getting Ready for Bad Times Ahead
The preparedness community is growing faster than it has in decades. Even during peak times such as Y2K, the economic downturn of 2008, and Covid, the vast majority of Americans made sure they had plenty of toilet paper but didn’t really stockpile anything else.
Things have changed. There’s a growing anxiety in this presidential election year that has prompted more Americans to get prepared for crazy events in the future. Some of it is being driven by fearmongers, but there are valid concerns with the economy, food supply, pharmaceuticals, the energy grid, and mass rioting that have pushed average Americans into “prepper” mode.
There are degrees of preparedness. One does not have to be a full-blown “doomsday prepper” living off-grid in a secure Montana bunker in order to be ahead of the curve. In many ways, preparedness isn’t about being able to perfectly handle every conceivable situation. It’s about being less dependent on government for as long as possible. Those who have proper “preps” will not be waiting for FEMA to distribute emergency supplies to the desperate masses.
Below are five things people new to preparedness (and sometimes even those with experience) often forget as they get ready. All five are common sense notions that do not rely on doomsday in order to be useful. It may be nice to own a tank during the apocalypse but there’s not much you can do with it until things get really crazy. The recommendations below can have places in the lives of average Americans whether doomsday comes or not.
Note: The information provided by this publication or any related communications is for informational purposes only and should not be considered as financial advice. We do not provide personalized investment, financial, or legal advice.
Secured Wealth
Whether in the bank or held in a retirement account, most Americans feel that their life’s savings is relatively secure. At least they did until the last couple of years when de-banking, geopolitical turmoil, and the threat of Central Bank Digital Currencies reared their ugly heads.
It behooves Americans to diversify their holdings. If there’s a triggering event or series of events that cripple the financial systems or devalue the U.S. Dollar, wealth can evaporate quickly. To hedge against potential turmoil, many Americans are looking in two directions: Crypto and physical precious metals.
There are huge advantages to cryptocurrencies, but there are also inherent risks because “virtual” money can become challenging to spend. Add in the push by central banks and governments to regulate or even replace cryptocurrencies with their own versions they control and the risks amplify. There’s nothing wrong with cryptocurrencies today but things can change rapidly.
As for physical precious metals, many Americans pay cash to keep plenty on hand in their safe. Rolling over or transferring retirement accounts into self-directed IRAs is also a popular option, but there are caveats. It can often take weeks or even months to get the gold and silver shipped if the owner chooses to close their account. This is why Genesis Gold Group stands out. Their relationship with the depositories allows for rapid closure and shipping, often in less than 10 days from the time the account holder makes their move. This can come in handy if things appear to be heading south.
Lots of Potable Water
One of the biggest shocks that hit new preppers is understanding how much potable water they need in order to survive. Experts claim one gallon of water per person per day is necessary. Even the most conservative estimates put it at over half-a-gallon. That means that for a family of four, they’ll need around 120 gallons of water to survive for a month if the taps turn off and the stores empty out.
Being near a fresh water source, whether it’s a river, lake, or well, is a best practice among experienced preppers. It’s necessary to have a water filter as well, even if the taps are still working. Many refuse to drink tap water even when there is no emergency. Berkey was our previous favorite but they’re under attack from regulators so the Alexapure systems are solid replacements.
For those in the city or away from fresh water sources, storage is the best option. This can be challenging because proper water storage containers take up a lot of room and are difficult to move if the need arises. For “bug in” situations, having a larger container that stores hundreds or even thousands of gallons is better than stacking 1-5 gallon containers. Unfortunately, they won’t be easily transportable and they can cost a lot to install.
Water is critical. If chaos erupts and water infrastructure is compromised, having a large backup supply can be lifesaving.
Pharmaceuticals and Medical Supplies
There are multiple threats specific to the medical supply chain. With Chinese and Indian imports accounting for over 90% of pharmaceutical ingredients in the United States, deteriorating relations could make it impossible to get the medicines and antibiotics many of us need.
Stocking up many prescription medications can be hard. Doctors generally do not like to prescribe large batches of drugs even if they are shelf-stable for extended periods of time. It is a best practice to ask your doctor if they can prescribe a larger amount. Today, some are sympathetic to concerns about pharmacies running out or becoming inaccessible. Tell them your concerns. It’s worth a shot. The worst they can do is say no.
If your doctor is unwilling to help you stock up on medicines, then Jase Medical is a good alternative. Through telehealth, they can prescribe daily meds or antibiotics that are shipped to your door. As proponents of medical freedom, they empathize with those who want to have enough medical supplies on hand in case things go wrong.
Energy Sources
The vast majority of Americans are locked into the grid. This has proven to be a massive liability when the grid goes down. Unfortunately, there are no inexpensive remedies.
Those living off-grid had to either spend a lot of money or effort (or both) to get their alternative energy sources like solar set up. For those who do not want to go so far, it’s still a best practice to have backup power sources. Diesel generators and portable solar panels are the two most popular, and while they’re not inexpensive they are not out of reach of most Americans who are concerned about being without power for extended periods of time.
Natural gas is another necessity for many, but that’s far more challenging to replace. Having alternatives for heating and cooking that can be powered if gas and electric grids go down is important. Have a backup for items that require power such as manual can openers. If you’re stuck eating canned foods for a while and all you have is an electric opener, you’ll have problems.
Don’t Forget the Protein
When most think about “prepping,” they think about their food supply. More Americans are turning to gardening and homesteading as ways to produce their own food. Others are working with local farmers and ranchers to purchase directly from the sources. This is a good idea whether doomsday comes or not, but it’s particularly important if the food supply chain is broken.
Most grocery stores have about one to two weeks worth of food, as do most American households. Grocers rely heavily on truckers to receive their ongoing shipments. In a crisis, the current process can fail. It behooves Americans for multiple reasons to localize their food purchases as much as possible.
Long-term storage is another popular option. Canned foods, MREs, and freeze dried meals are selling out quickly even as prices rise. But one component that is conspicuously absent in shelf-stable food is high-quality protein. Most survival food companies offer low quality “protein buckets” or cans of meat, but they are often barely edible.
Prepper All-Naturals offers premium cuts of steak that have been cooked sous vide and freeze dried to give them a 25-year shelf life. They offer Ribeye, NY Strip, and Tenderloin among others.
Having buckets of beans and rice is a good start, but keeping a solid supply of high-quality protein isn’t just healthier. It can help a family maintain normalcy through crises.
Prepare Without Fear
With all the challenges we face as Americans today, it can be emotionally draining. Citizens are scared and there’s nothing irrational about their concerns. Being prepared and making lifestyle changes to secure necessities can go a long way toward overcoming the fears that plague us. We should hope and pray for the best but prepare for the worst. And if the worst does come, then knowing we did what we could to be ready for it will help us face those challenges with confidence.