Low production and record exports, the contrasts of Argentine beef

Published 2024년 12월 17일

Tridge summary

The meat sector in Argentina is experiencing a mixed situation, with a decrease in production, domestic consumption, and slaughter, yet record-breaking exports. Bovine slaughter saw an 8.2% year-on-year decline in November 2024, largely due to a drop in male slaughter. Domestic consumption has also hit a 22-year low at 47.4 kilograms per inhabitant. Despite these challenges, beef exports have surged by 14.5% in the first ten months of 2024, reaching 528,100 tons, with China being the primary market. However, prices in certain markets have fallen, and locally, prices have risen, with live cattle averaging 7.6% higher in November.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

(NAP) The Chamber of Industry and Commerce of Meat and Derivatives of the Argentine Republic published a new monthly report that describes a contrasting panorama for the meat sector: while production, domestic consumption and slaughter fell, exports reached record volumes, although with irregular international prices. In November 2024, bovine slaughter fell 8.2% year-on-year, with a total of 1.14 million heads processed. The reduction mainly affected males, whose slaughter fell 12.9% compared to October. In particular, steers suffered a contraction of 17.4% monthly and 20.1% year-on-year. In this category, the marked decline in cows stood out (-27% year-on-year). This decline shows a possible retention of bellies by producers, in a context of climatic and economic uncertainty that affects herd management decisions. In contrast, heifers showed a more moderate drop of 5%, representing 48.5% of the total slaughtered, a historic figure for the last 35 years. This share highlights the ...

Source: Noticias Agropecurias