Uruguay: Oscillating export prices for beef and sheep

Published 2024년 2월 18일

Tridge summary

The average value of beef has risen by 22% this week to US$ 4,720 per ton, up from last week's average of US$ 3,878, according to preliminary data from INAC. Despite this, the exported volume in the first 10 days of February is down 35% from last year, with decreases across all markets. However, the exported volume for the first six weeks of the year is still 9% higher than in 2023, with significant increases from the European Union, North America, and Israel, despite an 11% drop in demand from China. Meanwhile, the weekly price for sheep meat has fallen by almost 18% to US$3,105.

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

Original content

In beef this week the average value was US$ 4,720 per ton according to preliminary data from INAC for shipments between February 4 and 10: 22% more than the average of US$ 3,878 according to the corrected price of the previous week . In previous weeks the corrections in the indicator have been strong, with downward adjustments compared to the preliminary values reported. This has sparked criticism from the meat chain because the price that persists in the imagination is the one reported first. Preliminary price per ton of beef exported from February 4 to 10. Graphic: INAC The price for the last 30 days is US$3,977 per ton and the annual price is US$4,012, almost 4% below 2023. In the last week reported by INAC, activity was lower compared to the good levels of January. In the first 10 days of February, the exported volume is 35% below last year, with decreases in all markets. In the accumulated annual period, the exported volume remains 9% above 2023 in the first six weeks of the ...

Source: Agromeat