Beef cattle market (Baptiste Buczinski)
Here are the latest updates of our Cattle Market Outlook, where we analyse the latest prices and trends in the beef cattle markets all over the world. Keep visiting our News and Events section, so you don’t miss any information.
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GLOBAL RESULTS: BEEF CATTLE MARKET REPORT
In this market beef outlook, we will see how the dynamics of beef prices continue to vary across the world.
EUROPE: WHAT IS THE CURRENT MARKET PRICE FOR BEEF CATTLE
Demand for beef remained low, but beef production also remained limited. Prices for young males were relatively flat in September. And cooler temperatures should revive purchases of male beef.
USA: CURRENT MARKET PRICE FOR BEEF CATTLE
Next being analysed in our Market Beef Outlook is USA. In September, the average fed steer price in the 5-Area marketing region was relatively flat, just had it has been since June, but higher than a year ago (+28%). Packer margins have narrowed since early September: consumer prices fell and fed cattle prices were relatively flat. According to the USDA, cattle prices are expected to rise by the end of the year.
BRAZIL: CURRENT BEEF CATTLE MARKET PRICE
According to Secex (Foreign Trade Secretariat), Brazil exported 195,000 tonnes of beef in September 2023 (-4% vs September 2022). It is the second best for a month of September, only lower than last year. However, prices for fed cattle (São Paulo State) remained weak and lower than last year.
CHINA: BEEF CATTLE MARKET OUTLOOK
After a sharp fall, Chinese market beef prices rose in August and again in September. At the end of September, Brazilian meatpacker Minerva (3rd Brazilian beef company) announced that it had received notification from the Colombian government that China had approved a protocol to open its market to Colombian beef exports.