Beef cattle market (Baptiste Buczinski)
Here we bring you the latest updates on our Market Outlook. We will analyze a wealth of data from Europe, Brazil, China and USA regarding the latest trends on cattle and beef market to keep you informed. Keep visiting our News and Events section, so you do not miss any information.
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GLOBAL RESULTS: WHAT IS THE CURRENT PRICE FOR BEEF CATTLE?
This month, beef cattle market prices have fallen as a result of inflation, except in the United States.
EUROPE: BEEF CATTLE MARKET REPORT
European finished beef prices continued to fall, particularly in Southern Europe where heatwaves broke records.
USA: STABILITY IN THE BEEF CATTLE MARKET PRICES
The beef prices in the US remained relatively stable in July, almost unchanged from June’s record levels. According to the USDA, market-ready supplies will continue to tighten despite a slower pace of slaughter. In July, the total US cattle and calf herd was estimated at 95.9 million head (-2.7 million head or -3% vs. July 2022). The largest decrease by class was for beef cattle (-800,000 head vs. 2022). The number of dairy cows remains unchanged.
BRAZIL: CURRENT MARKET PRICES FOR BEEF CATTLE
In terms of exports, the first half of 2023 was the second-best performance on record. However, Brazilian beef exports were weak in July. The volume shipped was the lowest for a July month in 4 years: according to Secex, the volume exported in July fell to 161 000 tons (-4% vs. 2022).
CHINA: BEEF MARKET PRICES FALL
Chinese beef cattle market prices continued to fall in July. Brazilian beef exports to China fell in the first half of 2023: 512,000 tons were exported (-5% vs. 2022). However, JBS SA is positive on China, despite recent signs that the Asian country is demanding less beef from Brazil.