Meat production in Chile falls by 10% compared to the same period of the previous year

Published Nov 25, 2022

Tridge summary

Meat production in areas covered by PASO saw a 10% decrease between January and September compared to the same period in 2021, totaling 145,646 tons. Slaughter also declined by 10.8%, with the most significant drops seen in beef cows, heifers, and steers. The prices at livestock fairs saw variations, with fat steers experiencing a 3% decrease on average, while fat cows and calves saw price increases of 13.7% and 9%, respectively. Importes of bovine meat also decreased by 18.3% in the first 10 months of 2022, primarily from Paraguay, Brazil, and Argentina. Exports of meat increased by 52% from the same period in 2021. The article also discusses the potential for recovery in the European and Chinese markets for high-quality meat, but anticipates a decrease in Mercosur supply starting in 2023 due to reduced animal numbers entering feedlots because of low regional prices and high grain prices.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to data provided by PASO, meat production up to the month of September registers a 10% decline compared to the same period in 2021, reaching a total of 145,646 tons. Total slaughter contracted 10.8%, reaching a total of 563,830 slaughtered heads. The categories that decreased most strongly are beef cows (26.3%), heifers (11.9%) and steers (10.9%). In terms of the real prices of animals at livestock fairs, until October fat steers registered a drop of 3% compared to 2021, reaching an average price between January and September of $2,139/kilo. The opposite situation is observed for the fat cow and calf categories, which registered increases of 13.7% and 9%, with prices reaching $1,459/kg and $2,079/kg, respectively. At the regional level, the variations in the monthly prices of the fat steer were negative, but of different magnitude between the regions. The Araucanía region had a variation of -4.3%, reaching $2,097Kg, while the Los Ríos region registered $1,794/kg with a ...

Source: Portaldelcampo