The three main meats for Argentinians, looking ahead to 2024

Published Dec 28, 2023

Tridge summary

The drought in 2023 led to a shortage of pastures, resulting in a high number of livestock being slaughtered and high production and export numbers in the beef market. This could potentially compromise the recovery capacity of livestock stocks in the future, leading to a decrease in supply and upward pressure on meat prices in 2024. Meanwhile, the poultry meat market is projected to resume growth in 2024 after being impacted by cases of avian influenza earlier in the year, with an increase in production and exports. The pork industry is also expected to continue its upward trend in 2024, with increased production, consumption, and trade compared to 2023.

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

Original content

The harsh context posed by the drought in 2023 had a particular impact on the beef market. As there was a shortage of pastures as a result of the lack of water, the agents of the livestock activity were forced to send a large number of heads to slaughter, resulting in high production and export numbers, as well as a recovery in consumption compared to of the previous two years. According to data from the Rosario Stock Exchange, in the first 11 months of the year, 13.4 million head were slaughtered, 9.7% above the average of the last 5 years for the same period. At the same time, more than 800,000 tons (beef with bone equivalent) would have been exported, 23.6% above the average, and around 2.2 Mt (beef with bone equivalent) would have been consumed internally, i.e. 2.4% more than the average of the last 5 years. In turn, a high percentage of females sent to slaughter in the current year raised this indicator to 48%, almost 3 percentage points above the average of the last 5 years, ...

Source: Diariolaopinion