The trading of frozen beef depends on worldwide supply and demand.
“Beef” is a culinary expression referring to the meat of a fully developed cow or bull about a few years old. Beef is one of the most well-known sources of protein; hamburgers and steaks are a staple in households and restaurants over the world.
There are at least 50 breeds of beef cattle. Yet only ten breeds make up the ones most popular in production. Some of the major breeds are Angus, Hereford, Charolais, and Brahman. There are four basic beef primal cuts. These are chuck, loin, rib, and round. Steak is the most popular way of cooking beef.
Top Beef Exporters
In 2019, the top exporters of beef worldwide are US, Brazil and India, with an export volume of 2.2 million metric tons of beef.
Total beef consumption in the United States alone reached 26.8 billion pounds in 2018, up from 25.5 billion pounds in 2011. An average American consumer eats approximately 58 pounds of beef per year, based on 2018 statistics. This figure is expected to remain the same at around 58 pounds for the next several years.
Top Beef Importers
Meanwhile, China imported a record volume of beef in 2018, surpassing any other year prior. As of August, China became biggest importer of beef worldwide, outperforming the US. This has seen China’s beef imports for both November and December at record levels of greater than 104,000 tonnes of beef for each month.
June 2019 beef costs were at $115, down $7 from the prior month and up $2 from a similar time a year ago. Month to month beef costs have averaged $124.00 so far in 2019. The highest monthly cattle price in history was $169 in November 2014.
A Healthy Diet
Beef is categorized as red meat. A term utilized for the meat of mammals, which contains greater amounts of iron than chicken or fish. Fresh, lean beef is rich in various vitamins and minerals, specifically, iron and zinc. Thus, moderate consumption of beef regularly forms part of a healthy diet.