Beef prices continue to skyrocket in Spain

Published Sep 15, 2024

Tridge summary

The beef market is experiencing a surge in prices for the seventh consecutive week, driven by the low animal supply and strong demand, especially from Algeria and Morocco. The rise in prices is also attributed to the aftermath of last year's drought and the epizootic haemorrhagic disease. The market is struggling to maintain sales due to the increasing cost of meat, with some buyers reducing their orders. The situation is further complicated by a decrease in the supply of animals for slaughter, caused by the mass slaughter of cows in the past two years, resulting in fewer calves for fattening and disrupting the market chain.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The beef market has been dominated by increases for another week. The beef carcasses continue with a positive sign, due to the low supply of animals and the strong external demand, especially from Algeria and Morocco. According to sources in the sector, it is not known where the ceiling of these increases may be. In addition, the consequences of the slaughter of cows last year due to the drought and the fertility problems caused by the epizootic haemorrhagic disease are now being seen. Commentary on the beef market: Binéfar market According to sources from this market, this week the beef market is very complicated, but with an upward trend, for another week, supported both by production and marketing. We are in an atypical year compared to other years, because more animals or meat have been sold and because there is less census in livestock farms. Sales, on the other hand, are typical of a September year, with the difference in the value of meat. Sales show a high movement towards ...
Source: Agropopular
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