W44: Weekly Beef Update
Live Beef
US: Cattle Meat in Live Weight and Pork Become Cheaper on the CME Exchange
From October 21 to October 28, the cattle and pork futures market on the Chicago Mercantile Exchange developed in different directions. As a result of the week, quotations of cattle meat in live weight and pork went down, while quotations of fattening cattle, on the contrary, went up. The past week made history as CME livestock futures jumped to a 7-year high on the first day of trading after the weekend. This happened against the background of the fact that traders expected to see a reduction in the supply of cattle in the monthly report of the USDA. More active near-term contracts posted lifetime highs as feed supply declined year-over-year, with bigger deals being made and supply shrinking, according to a US Department of Agriculture report released after the market closed on Friday. They predict a reduction in breeding stock in 2022 due to drought.
From September 30 to October 7, quotations of cattle meat in live weight rose from 1.4328 to 1.4533 dollars per pound, or by 1.43%. Quotations of fattening cattle increased from 1.7418 to 1.7473 dollars per pound, or 0.32%. Pork prices rose from $0.8923 to $0.9295 per pound, or 4.17%. By October 14, quotations of cattle meat in live weight rose from 1.4533 to 1.4695 dollars per pound, or 1.11%. Quotations of fattening cattle fell from 1.7473 to 1.738 dollars per pound, or 0.53%. Pork prices fell from $0.9295 to $0.8225 per pound, or 11.51%. By October 21, quotations of cattle meat in live weight rose from 1.4695 to 1.5048 dollars per pound, or 2.40%. Quotes for fattening cattle increased from $1.738 to $1.7528 per pound, or 0.85%. Pork prices rose from $0.8225 to $0.8913 per pound, or 8.36%. From October 21 to October 28, live weight quotations for cattle fell from $1.5048 to $1.5038 per pound, or 0.07%. Quotes for fattening cattle increased from $1.7528 to $1.7788 per pound, or 1.48%. Pork prices fell from $0.8913 to $0.861 per pound, or 3.40%.
US: KSU’s Tonsor Provides Beef Cattle Outlook
On both the domestic and export fronts, beef demand has been solid, Tonsor said. “I was 100% wrong early in the pandemic, most of you heard me say this. I was concerned that with the pull-down on economic activity, and uncertainty, and so forth, that consumers would tighten their wallets and wouldn’t spend what we normally would on beef,” he said. But he says he was wrong, and that’s good for cattle producers, because he didn’t foresee the federal stimulus having as big an impact as it did. “Regardless, we cannot take it for granted,” he added. “There’s plenty of macroeconomic headwinds in front of us that present risk for beef demand, both domestically and abroad.” Inflation could cause consumers to tighten their belts in their household budgets to meet rising mortgage costs, credit card bills and more. Prices at the meat counter will be important to budget-conscious shoppers. However, with anticipated increases in business travel, restaurant demand for beef may help producers out.
“The latest projection for 2023 is that we are going to slaughter 4.7% fewer animals than we did in 2022,” Tonsor said. “Part of that is presuming feed costs come down to enable that.” In 2024, projections are 6% to 7% less slaughter than there will be in 2023, YoY numbers. It costs more and more to run a herd and raise a calf crop every year, Tonsor said. In 2021, the estimated cash cost to run a cow was $852 per head. A year later, Tonsor said that cash cost has risen to $950 per head. Consider your breakeven costs have risen, on average, $100 per head in just a year. And the projected cost per cow in 2023 is $1,000, and in 2024, it’s expected to be $1,025 per cow.
US: Next Year, the USDA Anticipated, the Beef Trade in the World Will Fall by 100,000 Tons
For the following year, the international trade of bovine meat could rise to 12.1 million tons, a volume that would be less than 12.2 mt. forecast for the close of 2022. According to the projections of the United States Department of Agriculture (USDA) , this scenario would be due to a lower demand in China , where 2.8 mt would be destined, a lower figure in interannual terms by 9.2%. This would be the first recorded drop in purchases of beef from the Asian country in the last five years, a period in which it went from 1.2 mt. (2018), up to 3.1 m. (forecast for 2022). This would mainly affect US exports , with a considerable drop of 14% compared to what was forecast for this year, with which 1.6 mt will be positioned abroad. In contrast, the Brazilian meat industry would take advantage of a lower participation of this and other countries in the international market, to increase its shipments to 2.9 mt., reflecting a growth of 0.8% and remaining the main marketer worldwide. Such an effect would be even more noticeable in Australia , whose overseas sales are expected to total 1.5 mt, up 16.1% compared to forecast for 2022, replacing the US as the second largest exporter globally. In the case of Mexico , the USDA forecasts indicated that by the end of 2023, 2.3% more bovine meat will have been located in other latitudes compared to the year, equivalent to 440,000 tons.
US: Chicago Mercantile Exchange (CME) Live Cattle Futures Weakened for a Second Consecutive Day
Chicago Mercantile Exchange (CME) lean hog futures settled higher on Friday in a recovery from sharp losses recorded in the previous session, while live cattle futures weakened for a second consecutive day. CME December live cattle, meanwhile, ended 0.425 cents lower at 153.00 cents per lb. The contract was consolidating after surging over the past month, brokers said. CME November feeder cattle ended 0.250 cent lower at 177.875 cents per lb, and January feeders slipped 0.075 cent to 180.375 cents per lb. Meatpackers slaughtered an estimated 124,000 cattle on Friday, up from 122,000 cattle a week ago and 120,000 cattle a year ago, the USDA said.
Brazil: Technology Applied to Beef and Dairy Cattle
Genetic studies aimed at animal reproduction are allowing achievements that were unthinkable a few years ago. “Currently, with the possibility of genotyping the animals, semen can be chosen to generate animals that stand out, such as a large bull or a heifer that will be a mother with a lot of potential”, exemplifies Luiz Otávio Motta, deputy coordinator of the Commission of Dairy Cattle. Brazil is the main producer of bovine embryos using the In Vitro Fertilization (IVF) technique, today one of the most used in genetic improvement. To get an idea of its potential, it is estimated that artificial insemination (AI) allows obtaining one calf per year; classic embryo transfer (ET), one per month; whereas IVF is capable of producing one calf per week. Another technique used is Fixed Time Artificial Insemination (FTAI), which allows for synchronizing the ovulation of females. Thus, the rancher can have a large number of inseminated cows, without the need to observe their natural cycles. This regulation of cycles is done with the use of specific hormones, equivalent to those produced naturally. “The producer can choose his best dams to generate more calves”, points out Wander.
Brazil: Ranchers Absorbed a New Low on the Last Business Day of October
The last business day of October continued to show a consumer with low purchasing power, generating little movement in the beef market and, with that, the slaughterhouses showed little willingness for new acquisitions. On the other hand, the ranchers presented greater offers of the ruminant. The combination of these factors acting negatively on the closings with the cattle ranchers imposed a new price drop in the business carried out with the live cattle. The result of the new low was an average price that dropped 4.8% in relation to the price received at the beginning of the month. Even so, it still signals an increase of almost 7.8% over the same period last year. Business should remain fragile in the short term until consumers have reestablished their purchasing capacity and the beef turnover shows greater dynamism. Thus, apparently, maintaining the price tends to be good business for ranchers.
Brazil: About 70 Million Animals Must Be Vaccinated Against Foot-And-Mouth Disease
The second stage of vaccination against foot-and-mouth disease takes place this November for the immunization of cattle and buffaloes up to 2 years of age , for most Brazilian states, according to the National Vaccination Calendar 2020 . In all, it is expected to immunize about 70 million animals. The contingency plan for foot-and-mouth disease describes all the procedures that must be carried out when an outbreak of foot-and-mouth disease is confirmed in the country. The document can be used in simulations of the occurrence of an outbreak for constant training of veterinarians. The description of the procedures makes the country prepared and has a standardized and more efficient response in the case of the reintroduction of the disease in the country, mainly in this phase of expansion of new zones free of foot-and-mouth disease without vaccination.
Brazil: IMEA Points to an Increase in the Operational Cost of Beef Cattle in Mato Grosso
The recent update of production costs carried out by the Mato-Grossense Institute of Agricultural Economics (IMEA), points to an increase for the three systems in the State. Those that showed the greatest positive changes in the 3rd quarter of the year, compared to the 2nd quarter, in total production costs (TOC) were breeding and complete cycle, with 2.09% and 3.46%, respectively in the period and fixed if in the average of BRL 181.52/@ and BRL 154.67/@, in the same order. Despite the drop in the price of a bag of corn having impacted the decline in prices of concentrates by 1.60% compared to the 2nd quarter, supplementation costs in both systems continued to rise, with an average of R$ 46.80/ @ for the calf and R$ 32.31/@ for the complete cycle. This scenario was driven especially by the cost of mineral salt, which appreciated by 2.64% in the analyzed period. “Finally, the system with the lowest increase was the rearing-fattening system, which increased by 0.12% in the same comparison, at an average of R$ 265.50/@”, concludes the institute.
Australia: First National Lumpy Skin Disease Action Plan Is Launched
An Australian-first plan to defend the cattle industry against lumpy skin disease (LSD) was launched in Darwin on 13 October 2022. The Minister for Agriculture, Fisheries and Forestry, Murray Watt outlined eight objectives as part of the National Lumpy Skin Disease Action Plan when he met with representatives from the cattle industry in Darwin, including MLA Chair Alan Beckett.
Poland: Meat Market on October 23, 2022
Purchase price of slaughter cattle in the third week of October this year. was at the level of PLN 10.92 / kg. This Żywiec was 0.03 PLN / kg more expensive than the week before, but at the same time 0.03 PLN / kg cheaper than last month. Compared to the records from the previous year, slaughter cattle cost 25% more.
Germany: Tightens Animal Transport Rules, Urges Eu-Wide Follow-up
Germany will further restrict the transport of live animals to countries outside the EU, but without EU-wide regulation, the Agriculture Ministry’s push could remain ineffective. After withdrawing German veterinary certificates for cattle, sheep and goats to be slaughtered and fattened for non-EU states earlier this year, Agriculture Minister Cem Özdemir announced the country would do the same for breeding from mid-2023.
UK: Opposing Price Trends for Prime Cattle and Cull Cows
GB deadweight cattle prices continued the steady upward trend seen through September, following an easing of prices during July and August. In the 4 weeks ending 29 October, the all-prime cattle price averaged 440.2p/kg, up 3.3p (0.7%) on the previous 4-week period. Prices rose each week, peaking at 441.7p/kg in the week of 29 October. This was almost 33p above the same week last year, and more than 78p above the five-year average for the week. Within the all-prime cattle average, young bulls saw a softening of price, averaging 426.4p/kg for the period, back 0.8p on the previous four weeks. However, prices for heifers and steers strengthened, up 3.2p (0.7%) and 3.5p (0.8%) respectively from the previous four-week average. This put the average price for the period to 439.4p/kg for heifers and 442.3p/kg for steers, regaining some of the ground lost during July and August.
Cull cow prices, whilst still well above the 5-year average, have continued the steady decline first seen in July. In the 4 weeks ending 29 October, overall cull cow prices averaged 341.4p/kg, back 3p (0.9%) on the average from the previous 4 weeks. With prices easing each week, the price in the final week was back 7.4p (2.1%) from where it started the period.
Russia: The Number of Insured Livestock Has Doubled
According to the National Union of Agricultural Insurers (NUA), from 2018 to the present, the number of insured livestock of farm animals in Russia as a whole has doubled. 57% of the total number of industrial pigs, 55% of poultry and only 12% of cattle are provided with insurance coverage. NSA President Korney Bizhdov drew attention to the fact that the interest of farmers in livestock insurance continues to grow.
Russia: Identification and Registration of Animals Continue in the Chernihiv Oblast
In the Chernihiv region, 26,800 cattle were identified in nine months of 2022, including 24,300 cattle owned by legal entities. This was reported by the State Production and Consumer Service. Identification of commercial pigs in the sector of individuals is 11.3 thousand heads. Also, 457 heads of small cattle were identified in farms of all forms of ownership. Since the beginning of the year, 98% of legal entities engaged in breeding and maintenance of cattle and 100% of farms engaged in breeding and maintenance of cattle have carried out inventory measures.
Russia: Livestock for Slaughter in Live Weight in the Smolensk Region
The production of livestock for slaughter in live weight in the Smolensk region in January-September 2022 amounted to 51.2 thousand tons, which is 14.7% more than in the same period last year, Smolenskstat reports. Milk for the reporting period was produced 113.3 thousand tons (decrease by 2.9%). 218.1 million eggs were received in nine months (down 9%).
Colombia: Vaccination Against Foot-And-Mouth Disease and Brucellosis Begins
The main purpose of the cycle is to maintain the status of the country, that is, the certification of being free of foot-and-mouth disease with vaccination, granted since February 2020 by the highest global health authority, the World Organization for Animal Health, WHOA. As of this Tuesday, November 8, the execution of the second cycle of vaccination against foot-and-mouth disease and bovine brucellosis begins, ordered by Resolution No. 00019823 of October 10, 2022, it will be applied for 45 days and will last until the 22 December 2022, said the general manager of the ICA, Deyanira Barrero León. According to José De Silvestri, technical manager of FEDEGÁN-FNG and technical leader of the cycle at the national level, 619,637 farms dedicated to livestock production will be visited, in which 30 million animals (30,027,896 heads) will be vaccinated. This last figure is distributed as follows: cattle 29.5 million and buffalo 486,000. 1.6 million (1,637,737 calves) will also be vaccinated against brucellosis throughout the country. Females aged between 3 and 9 months will be specifically inoculated. Of these, the highest percentage are cattle and only 29,000 are buffaloes.
Turkey: Pasturelands and Animals Fed by Drone Revealed Unique Images
Cattle and ovine animals fed in Erzurum pastures were viewed from the air by drone. The pastures viewed from the air revealed unique images. The increase in cattle and sheep farming continues in Erzurum. While the number of cattle in the city exceeds 900 thousand, the number of sheep and goats is over 1 million. The pastures, which are indispensable for animals as a natural source of nutrition, are very rich in Erzurum. It is obtained in the most natural way in products such as meat, milk and cheese, mostly from animals fed in a natural environment. In addition, with the contracted livestock farming introduced in Erzurum recently, it is aimed to increase the number of cattle and sheep and goats significantly in the future.
Turkey: They Reached Mada Island by Boat and Vaccinated the Cattles
The animals of the inhabitants of Mada, which is the only lake island with a settlement in Turkey in BEYŞEHİR Lake, were vaccinated and tagged by teams affiliated with the District Directorate of Agriculture and Forestry. Animal health teams of Şarkikaraağaç District Directorate of Agriculture and Forestry in Isparta reached Mada Island by boats for vaccination and tagging of cattle and small cattle.
Turkey: 28 Neighborhoods Were Quarantined Due to Blue Tongue Disease in Cattle
"Blue tongue disease" was detected in small cattle in a business operating in Baltaköy District in Efeler district. Due to the contagious nature of the disease, the Provincial Directorate of Agriculture and Forestry has started a quarantine application in an area of approximately 10 kilometers.
Ukraine: In the Current Year, Revenue From the Export of Live Cattle Increased by 14%
In eight months of the current year ( January-August), Ukraine exported 11,200 tons of live cattle, which is 28.7% more than in the same period last year. As reported, in monetary terms, exports of live cattle for eight months reached $21.7 million — 14.8% more than in the same period of 2021. Egypt ( 63.4%), Lebanon ( 18.1%), Jordan ( 14.7%) bought the most Ukrainian live cattle during the eight months of this year. It is also noted that the import of live cattle in January-August 2022 amounted to 717 tons, which is 34.8% less than in the same period last year. Ukrainian farmers spent $3.1 million on the purchase of live cattle abroad, 58.5% less than in eight months of 2021. Live cattle in January-August 2022 were mostly bought in Slovakia ( 28.2%), the Czech Republic ( 21.7%) and Denmark ( 19.9%).
To guarantee the financing of the system for the collection, transport and disposal of animal corpses, the System for Identification and Collection of Animal Corpses (SIRCA) was created. For the purposes of its settlement, in most cases, it is collected and retained by the slaughterhouse owner from the person presenting the animals for slaughter of bovine, sheep, goat and swine species, at the time of their presentation, who delivers this amount to the DGAV.
South Korea: Nationwide Quarantine and Supply-Demand Control Campaign for One Month in November
The National Korean Beef Association (Chairman Sam-Joo Kim) announced that it would promote a nationwide relay quarantine and supply-demand control campaign from the 2nd to the 30th. Concerns persist over price declines due to the increase in the number of slaughtered animals, as the Korean beef industry is expected to set a new record high in 2023. This is a time when it is necessary to proactively control the supply and demand of Korean beef at the farm level and to prevent livestock diseases such as foot-and-mouth disease, Brucella disease, and tuberculosis disease.
Vietnam: Total Output of Live Meat for Slaughter Is Estimated at More Than 66,000 Tons
Livestock production in the province has been stable since the beginning of the year, the total output of live meat for slaughter has reached more than 66,000 tons, reaching about 80% of the plan. In which, the herd of 25,000 cows, reaching 112.1% of the plan, the output of live-weight meat about 1,334 tons; buffalo herd 2,900 heads, reaching 107.4% of the plan, meat output of 185 tons; pig herd of 290,800 heads, reaching 96.9% of the plan, meat output of nearly 47,000 tons; poultry herd 5.8 million heads, reaching 101.8% of the plan, the output of live meat was nearly 19,000 tons. The Sub-Department of Livestock, Veterinary and Fisheries has issued a document recommending the development of livestock herds in 2022; guide the prevention and control of epidemics in the face of complicated weather changes, ensuring the safety of livestock; take the initiative in cleaning, disinfecting and decontaminating the barns, periodically vaccinating the total herd of animals and injecting additional vaccines when necessary; strict quarantine of animals and animal products transported in and out of the province and slaughter. At the same time, it is recommended that the authorities issue mechanisms and policies to support the prevention and control of African swine fever; take measures to support consumption, stabilize prices, and ensure harmonized interests between farmers and consumers; supervise and evaluate the quality of ASF vaccines to soon put the vaccine into mass production, ensure the safety of livestock and increase the number and output of animals, to meet the needs of the domestic market, out-of-province.
The Ministry of Agriculture (Kementan) is collaborating with the Indonesian National Army (TNI) to accelerate the implementation of vaccination and livestock data collection in Central Java. This was conveyed by the Director General of Livestock and Animal Health) Nasrullah at the Coordination Meeting of Cattle Marking and Data Collection Activities with the TNI on Friday in Semarang, Friday (4/11/2022).
Fresh Beef
EU: Meat Production Will Drop This Year
The agricultural production of the European Union has been affected by the consequences of the Russian war in Ukraine, the increase in energy prices, as well as the costs of raw materials and food inflation. According to the outlook report of the European Commission, in addition to geopolitical instability, the EU recorded one of the hottest summers in history, which significantly affected summer crops, such as corn, soybean and sunflower. Weather conditions have also been difficult for farmers and animals suffering from heat stress and less feed. The report adds that ranchers are among the hardest hit by record energy and input costs. Despite the high prices of beef, pork and poultry, these difficult conditions limit production in these three sectors. In 2022, EU beef production will decline by 0.6% , pork by 5% and poultry by 0.9%. High prices also weigh on EU exports of these products, with declines expected of 1%, 17% and 2.2% in 2022 for beef, pork and poultry, respectively. By species, for beef, the Commission highlights the strong increase in live cattle prices, which has led to the fact that between January and June beef production has already dropped by 0.6% year-on-year despite the fact that the number of slaughter is 0.4% higher, with average carcass weights 1% lower. This suggests the advancement of the sacrifice of animals due to the difficulty in feeding them due to the high costs. As for beef exports, from January to June they were 2.4% lower than 2021. They grew in high-value markets such as Canada (+28%) and Japan (+22%) but fell in others such as the Philippines (-18%).
UK beef production from January through September 2022 is practically the same as in the same period in 2021. However, UK beef exports from January through August 2022 are up by a considerable 64% YoY, driven by demand from the EU. UK beef and veal production reached 73.37 thousand mt in September 2022, up by 0.7% compared to the same month in 2021. Compared to the 2017-2021 September average, production in September 2022 was down 2.3%. From January through September 2022, total beef production amounted to 665.2 thousand mt, virtually the same (-0.1%) compared to the same period in 2021. (Continue Reading)
US: September Pace Cools for Beef
The beef exports remain well-positioned to reach new heights in 2022, the September results reflected significant headwinds that have been building for some time. “Demand for U.S. beef has been extremely resilient, but inflationary pressure on consumers and weakened currencies in key markets have definitely created a more challenging environment,” Halstrom said. “Exports also continue to face logistical challenges, lockdowns in China and mounting inventories in some destinations. Still, it’s hard to view September sales of nearly $900 million as a disappointment, when this would have been an all-time record just 18 months ago. That really drives home what a remarkable year this has been for U.S. beef exports.”
US: Outlook for Meat Exports for the End of the Year and 2023
After an excellent year for meat exports from both North America and Mercosur, the industry will face a late reality that has already affected other basic products: inflation. Some meat exporters have posted record sales so far this year, but challenges are now beginning to emerge and tensions in the meat market are expected to emerge soon . "We've been watching inflation since last November and it has not affected US beef and pork demand. But starting this summer it started to have a more significant impact on consumer spending," said Erin Borror, vice president of economic analysis for the US Beef Exporters Federation. He added: “As consumers around the world see their disposable income shrink, there is some expectation that it will start to affect their demand for meat . We don't really see this [inflation] playing out in the data yet, but we know it's there." Borror noted that US beef exports have topped $1 billion a month in 2022 except for February , predicting the year-end tally will hit $12 billion for US meatpackers.
US: USDA Says More Than $200M Will Help Meat Processors Expand
The Agriculture Department announced more than $223 million in grants and loans on Wednesday to help small- and mid-sized meat processing plants expand as part of a larger $1 billion effort to boost competition in the highly concentrated industry. The effort is expected to increase cattle and pig slaughter capacity by more than 500,000 head a year. It will also help poultry plants process nearly 34 million more birds, while adding more than 1,100 jobs mostly in rural areas where the plants are located.
Brazil: The Weight of Brazillian Beef in the United States Grows
The most recent data from the USDA indicate a great evolution of Brazil as a supplier of beef to the United States. From January to August of this year, Brazil was responsible for 16% of all beef imported into the United States. This percentage is well above the 6% for the same period last year. In the USDA assessment, Brazilian beef had a 91% increase in volume in the first eight months in the US market.
Brazil: AEI Survey Reports 3.1% Drop In Beef Prices in September
A survey carried out by the Agricultural Economics Institute in supermarkets, butcher shops and street markets in the city of São Paulo showed that the price of a kg of beef made available to consumers dropped in the month of the end of the third quarter of the year. In September, a kg of beef was made available to the population of São Paulo at an average value of R$42.06, showing a monthly drop of 3.1%, while indicating an increase of 3.5% compared to September last year. The average price accumulated from January to September reached R$42.04, representing a slight increase above 11% over the same period last year. On the same basis of comparison, live cattle ready for slaughter with ranchers showed an increase of only 4.6%
Brazil: USDA Forecasts Brazil’s Meat Exports in 2023 to Reach a Record
Brazil's beef exports in 2023 are forecasted to grow by about 1% and the country will maintain its position as the top exporter, accounting for about 25% of beef exports to major markets. China is expected to remain Brazil's largest export market despite a decline in total beef imports due to increased domestic supplies. Argentina and Uruguay, Brazil's main competitors in China, will have a tighter supply of cattle, limiting their exportable supply. Moreover, Brazil only exports frozen boneless beef to China at a more competitive price than New Zealand and Australia, making its products more attractive amid the economic downturn. Apart from China, Brazil's exports to the Middle East and Southeast Asian markets are expected to increase as Indian exports are expected to decline.
Brazil: Exports Record for Beef
Data released by the Foreign Trade Secretariat (SECEX) indicate record corn and beef exports for the month of October. For beef, Brazilian shipments totaled 188.6 thousand tons. “The data was 129% higher than last year, as in this period of 2021, China was absent from the Brazilian beef market due to the suspension of imports due to the finding of 2 cases of atypical Bovine Spongiform Encephalopathy (“Mad Cow”) in the country. Brazil. In relation to the last record, also reached in 2019, the data was 11% higher”, he indicates.
Brazil: Stable Live Cattle Market in São Paulo
Due to the lengthened slaughter schedules and a much weakened regional demand, the downward pressure felt in recent weeks has paid off, leading to a drop of R$10.00/@ in the price of all categories destined for slaughter in the state. We have reached the last day of October. Low consumption coupled with a slower pace of slaughter put pressure on the bone-in meat market this week. However, with the arrival of November and salary payments on the radar, the drops were more contained compared to last week. The price of castrated and intact bovine carcasses in the wholesale market of São Paulo fell by 0.3% and 0.7%, respectively, in the weekly comparison.
Spain: Livestock Cooperatives and Experts Claim That Eating Meat Is Healthy and Sustainable
Exponent cooperatives of Andalusian extensive livestock farming, such as Covap, Nuestra Señora Los Remedios-Picasat and Ovipor, have today defended the contribution of these productions to the establishment of population in the territory, as well as to the creation of value, wealth and employment of the rural areas, without disdaining the conservationist work of livestock and its integration with the environment. For this reason, they have claimed the consumption of meat during the Technical Conference that, under the title 'Sustainability in livestock production', Agro-food Cooperatives of Andalusia has organized within the framework of the Fegasur 2022 fair, which is celebrated in the municipality Cadiz from Jerez de la Frontera this weekend.
Australia: Global Red Meat Markets Export
Australia exported 124,698 tonnes of red meat in September 2022, down 16% from August and down 6% from September 2021. Beef exports fell 12% year-on-year, while lamb exports rose 15%, mutton exports fell 9% and goat exports rose 23%. So far in 2022, Australia has exported 1,082,994 tonnes of red meat overall, 1% less than the first nine months of 2021. Beef 70,296 tonnes of beef were exported in September, 12% less than the year prior.
Australia: Demand for Premium Australian Beef Exports Remains Strong in the Middle East
Australia has been a major and consistent supplier of red meat to the Middle East and North Africa (MENA) region for decades. While Australian exports to the region have previously skewed towards live sheep, frozen mutton and chilled carcase, the last 10 years has seen a significant increase in the volume of boxed beef. In fact, beef has been the fastest growing export among all red meat and livestock categories over the past decade.
Poland: Beef Will Become More Expensive, but Consumption May Decline
Recent data readings for Poland on the purchase of slaughter cattle from slaughterhouses indicate declines for all categories. In turn, the volume of sales abroad during the seven months of this year was lower by 6.4 percent and amounted to 208,700 tons, while last year it was 222,800 tons. The data of the Ministry of Agriculture and Rural Development on the export of beef for the period from January to July 2022 shows that there was an increase in the value of beef exports to EUR 1201.5 million, which compared to the same period last year was more by approximately 40 percent in the same period last year, it was EUR 879.2 million
Poland: Meat Market on October 23, 2022
Meat plants sold quarters of beef compensated from bulls up to 2 years at an average of PLN 22.91 / kg, ie 5% more expensive than in the previous week and a month before. At the same time, the price of quarters was 35% higher than the price obtained in the previous year.
New Zealand: Local Saleyard Prices for W43-W44
Beef prices rise further, and lamb prices drop in New Zealand in W44. New season lambs are still slow to come on the market, but there was already a price adjustment with a cautious outlook as the new season approached. The average local slaughter price trends for W44 are:
- Steer NI P2 (300kg) - USD 4.08/kg (NZ 6.90/kg) +0,7% WoW
- Lamb NI (18kg) - USD 9.25/kg (NZ 9.40/kg) -1.6% WoW
- Exporters expect export prices to stay firm until mid-November.
Argentina: Export Prices of Argentine Meat Continue to Fall
A report prepared by the Consortium of Meat Exporters (ABC) of Argentina revealed that the volume of meat exports fell 5.3% in September compared to August, as well as a 10.2% reduction in the level of billing. In the ninth month of 2022, the volume of exported meat was 54,400 tons for a total of USD 300 million. Compared to the same month in 2021, the drop was -2% in volume and -5.4% in revenue . These drops are due to lower shipments to the European Union (EU), Israel, Chile and the United States. However, the accumulated figure for the first nine months continues to show positive results in both items, with 674,700 tons (+9.4%) and USD 2,753 million (+36.2%) .
Argentina: Steers Are Slowing Down in the Race Against Inflation
In the last four months, this category and that of heifers, for domestic consumption, have not moved the price needle. This situation was transferred to the butcher shops, with increases also below the cost of living. In a context of strong inflationary pressure on food prices, beef is a separate case. A combination of domestic demand that cannot validate increases and a high level of supply keep the butchers' boards in a flat line. “In the last four months, the price of beef has been registering price adjustments that fail to cover the inflationary increase, accumulating falls of more than 18% in real terms ”, Rosario Livestock Market pointed out. In one year, and as calculated by the Institute for the Promotion of Argentine Beef (IPCVA), in the last 12 months of the year the price of beef increased by just 68%, against inflation that for the same period accumulated close to 83%. Meanwhile, cheaper alternatives such as chicken show increases of 89% per year.
Uruguay: Beef Operations to China Continue to Have Difficulties in W44
Several Chinese beef importers had issues in W44 as they bought Uruguayan beef at higher prices than the market price in W44. Intermediaries that finance import operations ensure liquidity problems. Reported sales of robbed forequarter in W44 stood at a range of USD 4.2K-4.4K/ton CFR, trimming 80 VL between USD 3.2K-3.4K/ton CFR, and cow in 6 six cuts at USD 4.2K/ton CFR.
UK: British Red Meat and Cheese Showcased at Us Event
Buyers in the all-important US market will have the chance to sample red meat and cheese from the UK at an AHDB event in Miami this month, according to a press release from the marketing board. Around 50 key influencers have been invited to a reception on Wednesday, November 9, organised by AHDB’s export team to help boost shipments of beef, lamb, pork and cheese. The event is part of AHDB’s ongoing activity in the US to continue flying the flag for red meat and dairy to American consumers.
Paraguay: Foreign Exchange Increased by Shipments of Meat Products
At the end of October, Paraguay exported 512,844 tons of meat products (beef, poultry, pork and its derivatives) for a value of USD 1,873.6 million, which represented an increase of 8% in foreign exchange, but a retraction in volume of 1 .5%, when compared to the revenue of USD 1,734.2 million registered until the tenth month of 2021 for shipments of 520,546 tons. Until October of this year, 283,932 tons of Paraguayan bovine beef were exported for USD 1,476.1 million, a negligible growth of 0.25% in volume, but 7.5% in income, compared to the 283,214 tons shipped during the same last year for USD 1,372.9 million.
China: Suspension of Several Beef Exporters From United States Over Ractopamine Detection
The Meat Institute recently learned that several establishments have been suspended from exporting beef to China after ractopamine was detected during import testing. In response, the Food Safety and Inspection Service (FSIS) added text to an advisory note at the Export Library entry for China reminding U.S. exporters of China's zero-tolerance policy for ractopamine in dairy products and beef. The establishments in question were suspended following a positive finding, which does not comply with the provisions included in the Phase One Agreement between the United States and China. The USDA is working with its counterparts in China to address these findings and China's regulation of ractopamine.
Frozen Beef
Brazil: The Ministry of Agriculture Established a New Measure for Packaged Ground Beef
The establishments and industries producing ground beef will have a new rule for marketing the product, as established by the Ministry of Agriculture, Livestock and Supply (Mapa). The measure applies to companies registered with the Federal Inspection Service (SIF) and the Brazilian Inspection System for Products of Animal Origin (Sisbi-POA). The ground beef must be packaged immediately after grinding, and each package of the product must have a maximum weight of 1 kilo. It is not allowed to obtain ground meat from the grinding of meat from scraping bones or from any other mechanical separation processes of bones or from beef offal, such as liver and kidneys. In supermarkets and butchers, there will be no changes. However, the veterinary doctor at Indea/MT and coordinator of the Sanitary Inspection System for Products of Animal Origin, Fernanda Rocco, explains that leaving ground meat exposed on the refrigerated counter was never allowed, regardless of this new MAPA norm. The information is from the Government of the State of Mato Grosso.
Paraguay: October Slaughter in Exporting Refrigerators Registered 128,048 Cattle
Cattle slaughter in October in exporting refrigerators totaled 128,048 heads, an increase of 9.1% compared to the same month last year, according to data from the National Animal Quality and Health Service (Senacsa). In the monthly comparison, the activity was 25.2% lower compared to the heads processed last September. However, the drop from September to October 2022 was 2.9% less than the drop from September to October last year.
Ukraine: In 9 Months, the Export of Frozen Beef Has Halved
In January-September 2022, Ukraine exported 9.6 thousand tons of frozen cattle meat - half less than in the same period of 2021. This is evidenced by the data of the State Customs Service. The export of these products brought Ukraine $47.6 million, which is 1.6 times less than the figure for the nine months of 2021. The main buyers of Ukrainian frozen cattle meat during the three quarters of this year were China (76.5%), Azerbaijan (6.7%) and Georgia (5.1%).
