Brazil beef exports account for 28 percent of all beef exports globally. The suspension could significantly impact beef exports from the affected countries, particularly Brazil, which supplies approximately 43% of China's beef imports. AUSTRALIA: According to Dairy Australia, January 2025 milk production, 708.2 million liters, was down 2.6 percent from January 2024. Milk production increased in New South Wales by 2.6 percent from a year earlier but declined in every other Australian state. The January 2025 Production Inputs Monitor report from Dairy Australia stated input costs increased in Australia during January.