Beef exports reach 57-year record

Published Nov 6, 2024

Tridge summary

The article highlights the record-breaking foreign sales of beef, reaching 699,987 tons from January to September 2024, valued at $2.122 billion. This makes it the highest in the last 57 years. The top 10 markets, including Mexico, Brazil, Russia, Canada, and Malaysia, accounted for 99% of the shipments. The exports consisted mainly of frozen cuts, with 16% being chilled cuts. Cattle slaughter and beef production for the first nine months of the year also surpassed the average from 2017 to 2022.

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Original content

Foreign sales of beef accumulated a volume of 699,987 tons in the period January-September 2024, equivalent to bone-in carcasses for 2.122 billion dollars, which represents the highest record in the last 57 years, reported the Secretariat of Agriculture, Livestock and Fisheries of the Ministry of Economy of the Nation. In addition, a new market is positioned in the ranking, such as Mexico, which already occupies sixth place, followed by Brazil, Russia, Canada and Malaysia. These 10 markets accumulated 99% of shipments in volume. On the side of exported products, 16% were chilled cuts and the rest were frozen cuts with and without bone. In 2023, chilled cuts were exported to 31 destinations and so far this year only one was added, while sales of frozen cuts expanded from 31 to 44 destinations. Likewise, cattle slaughter in the first 9 months of the year was 10.22 million heads. Without considering the atypical 2023, the slaughter level was higher than ...

Source: Chacra Magazine