Spain: Cattle market with low supply and high demand

Published 2024년 8월 31일

Tridge summary

The market for cattle carcasses is experiencing a significant price increase due to a low supply of animals and high demand. Both female and male prices are surpassing historical maximums in various markets, driven by active sales to third countries and Europe, a downward trend in the number of cows in Spain and Europe, and health issues from last year. As a result, the beef market has approved price increases of 4 cents for yearlings and heifers, and 3 cents for all categories and weights of beef.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In the market for cattle carcasses there is little supply of animals compared to the important demand and for this reason, prices are rising. Sources from the Ebro Market indicate that the upward trend in the market for cattle carcasses is maintained, with both female and male prices continuing to rise this week. Thus, prices continue to exceed, week after week, the historical maximums in several markets. The low supply of cattle in the field and sales, which continue to be active for third countries and Europe, allow new increases in prices, although national consumption remains low and it is difficult to pass on the increases to the final consumer. Meanwhile, sources from the sector add that the end of August always puts pressure on prices due to the return from vacation to the cities, to which must be added the increase in demand from third countries, with Algeria and Morocco at the head, and the increase in activity in Italy. All this, in the face of a very short supply of ...
Source: Agropopular

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