Beef: The Market Takes a Breather and Prices Hold Steady

This week, beef carcasses take a breather and prices show widespread repetitions across all livestock markets and national markets. There is a balance between the short availability of animals and demand, which is starting to weaken due to high temperatures. The reduction in domestic demand, affected by high temperatures that impact consumption, is compensated by demand from North Africa, with Algeria leading the way, and as long as their purchases continue, prices will remain stable, at least in the coming weeks, according to sector sources. In other European countries, prices also remain high; there is no longer cheap beef in Europe. Meanwhile, animal replacement continues to rise in price week after week because there are not enough animals. Thus, at the Ebro Livestock Market, a widespread price repetition was noted. The market is in balance thanks to exports. National consumption is declining with high temperatures, but sales to Europe remain firm because European prices ...