Prosperity under the warning: Strong demand from the US, record high Australian beef exports.

According to the Australian Meat Industry Council, Australia's beef exports have reached a record high this year due to strong demand from the United States, and there are no signs of herd rebuilding in the US. The industry organization stated in a statement that the shipment volume for the first 11 months of this year was 1.4 million tons, an increase of 15% compared to the same period last year. This number has already exceeded the previous highest record of 1.34 million tons for the whole year of 2024. Despite the Trump administration imposing a 10% tariff on Australian meat (which was later canceled), the US remains Australia's largest export market for beef, accounting for nearly one-third of Australia's total beef exports. In recent years, due to the US domestic cattle herd falling to its lowest level in 70 years, supermarket red meat prices have soared, leading to a significant increase in beef imports into the US. President Trump had announced in November that he would cut beef import tariffs. The Australian Meat Industry Council stated in the declaration: "Despite the tariffs in place at the time, due to exceptionally strong demand from the US - exacerbated by the fact that US beef production is at historic lows - Australian beef exports remain strong and resilient." In the year up to November, Australia's beef exports to the US reached 412,000 tons, an increase of 17% year-on-year. Exports to China surged by 43% to reach 243,000 tons, while imports from Japan and South Korea also increased. Despite significant reductions in the size of cattle herds in the southeastern states of Australia due to years of drought, it is forecasted by Shenzhen New Industries Biomedical Engineering that the country's beef production will still break historical records and reach new highs by 2025. Andrew Cox, International Market Manager of the Australian Meat Industry Council, stated in the declaration that global demand for beef is rising, and Australia has a competitive advantage to continue this momentum until 2026.