Spain: Beef prices remain historically high

Export demand continues to support the upward trend in beef prices, while on the production side, there are concerns about the shortage and the rise in the price of replacement cattle. Males continue to have more demand than females and with a short supply of farm animals, pushing up prices in the auctions and national markets. Sources in the sector highlight that tempers have calmed down after the supply from Algeria for Ramadan, returning to a relatively stable situation. Exports continue at a normal pace. According to sources from the Lonja del Ebro, the beef carcass market is calmer than last week and the females are returning again, although the males are increasing again, but less intensely. This is the first week of Ramadan and export is still active, there are still orders for live loading to third countries and it is being sold to Europe. Males are still in demand and there is little supply of farm animals, especially heavy animals, which are the most sought after. ...