Market Outlook

Beef cattle market (Baptiste Buczinski)

In this brief analysis, we explore key trends impacting beef prices across diverse regions, shedding light on the current market outlook from November. Join us for a concise overview that encapsulates the challenges and opportunities defining the dynamic landscape of the beef industry.

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GLOBAL RESULTS: BEEF CATTLE MARKET REPORT

Beef prices remain under pressure as inflation remains high, and the beef market faces ongoing challenges in price dynamics.

EUROPE BEEF CATTLE MARKET TRENDS

Demand for male beef is increasing ahead of Christmas. Young slaughter male prices have increased. But prices for females (especially for processed beef) are still under pressure.

BEEF PRICES IN BRAZIL

Beef prices have increased recently but are still at lower levels compared to last year. According to CEPEA, the lower prices are mainly due to the higher supply of animals for slaughter. And according to IBGE, beef production this year (from January to September) reached 6.39 million tons (+8% /2022), a record.

BEEF CATTLE MARKET OUTLOOK IN CHINA

Beef prices are still under pressure due to lack of consumption in a context of lower growth. In October, Chinese customs banned imports of ruminant animals and products from Belgium and the Netherlands following an outbreak of bluetongue.

USA: BEEF CATTLE MARKET PRICES REPORT

Recently, cattle prices have been nearly flat but at record highs. According to the USDA, the October average price for fed steers in the 5-area marketing region continued a steady course since mid-year, but was still higher than a year ago and a record for the month (+23%).

Stay tuned as we delve into these regional nuances and their implications on the broader beef cattle market, addressing key topics from pricing strategies to market predictions and industry trends.

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