Beef cattle market (Baptiste Buczinski)
Here are the latest updates from our monthly Cattle Market Outlook, where we explore the key trends impacting beef prices across the world. Join us as we also shed light on the challenges and opportunities defining the dynamic landscape of the beef industry.
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GLOBAL RESULTS: BEEF CATTLE MARKET REPORT
Beef prices dynamics are divergent around the world.
WHAT IS THE CURRENT MARKET PRICE FOR BEEF CATTLE IN EUROPE?
Demand for male beef has continued to increase before Christmas. So, prices for young males ready to slaughter was still increasing in November while prices for female remained under pressure.
BEEF CATTLE MARKET PRICE IN BRAZIL
Beef quotations have been oscillating in 2023 but are still at lower levels compared to the year before with more animals ready to slaughter. According to IBGE between January and September 2023, beef production hit a record: 6.4 million tons were produced (+8% /2022 and +4.5% /2019, the previous record).
BEEF PRICES IN CHINA
The impact of a slower Chinese economy has started again to be felt in beef prices. In November, beef prices have decreased.
BEEF CATTLE MARKET OUTLOOK IN USA
Recently, beef cattle prices have slightly decreased. According to the USDA, wholesale beef prices have been trending lower since the shorter-than-expected seasonal uptick in late October. This has encouraged packers to try to minimize the prices paid.