EU: Swedish EU Presidency Looks to Push on With Mercosur Deal (Mar 13)
The Swedish presidency of the Council of the EU is looking to breed new life into the EU-Mercosur Free Trade Agreement. Sweden took up the rotating presidency of the council at the beginning of the year and will hold the role until the end of June. At an informal meeting of EU trade ministers on March 10, Sweden’s trade minister Johan Forssell, as well as European Commissioner for Trade Valdis Dombrovskis, both expressed hope that the deal could be progressed in the coming months. The EU-Mercosur Free Trade Agreement has come in for much criticism across Europe, not least in Ireland. The deal would allow for an additional 99K MT of beef from the South America trade association, currently comprising Brazil, Argentina, Paraguay, and Uruguay, to enter the EU tariff-free. This aspect of the deal has drawn the ire of farm organizations and rural politicians here, particularly due to the link between Brazilian beef production and deforestation of the Amazon region.
EU: Brussels Step Forward of the Directive Killing Stables (Mar 17)
The Council of EU environment ministers held on 16 March, reached a compromise agreement on the text of the new directive for the reduction of industrial emissions which for the first time also covers livestock. Italy is against it: "We cannot accept the text,” said the minister of the environment and energy security Gilberto Pichetto Fratin, “because the thresholds for cattle are unacceptable to us". The text was negotiated throughout the day and an agreement was found due to some technical expedients. Denmark, Finland, Ireland, Luxembourg, and the Netherlands have accepted the compromise asking to record their disagreement with thresholds for farms "which greatly reduced the environmental ambitions" of the directive.
EU: Countries Agree to Exclude Extensive Livestock From Industrial Emission Standards (Mar 18)
The EU countries have agreed on their position to negotiate the revision of the Directive on Industrial Emissions, which will reinforce environmental requirements in pig and poultry farms and, for the first time, also for cattle, but which leaves livestock out of the scope of application extensive. The position agreed upon by the Twenty-seven, who will have to negotiate the final text with the European Parliament during the Spanish presidency of the Council of the EU in the second half of the year, also toughens the requirements for pig and poultry farms with respect to regulations. This is a legislative adjustment to achieve the EU's climate commitments, which was based on a proposal from the European Commission that sought to cover all farms with more than 150 animals, including cattle, to reduce methane emissions or ammonia, among others.
US: Cattle Futures Lower Ahead of Widespread Direct Business (Mar 14)
At the Chicago Mercantile Exchange, live and feeder cattle were lower ahead of the week’s direct cash business and Friday’s On Feed numbers. Feeders had additional pressure from the higher move in corn. April live cattle closed USD 0.50 lower at USD 163.05 and June lives closed USD 0.45 lower at USD 157.75. April feeders closed USD 1.32 lower at USD 195.75 and May feeders closed USD 1.10 lower at USD 201.30. It was another quiet day for the direct cash cattle business on Mar 14. There were a handful of live heifers that sold at USD 164, fully steady with the week’s earlier business. It’s looking like significant trade volume will likely be delayed until the back half of the week. Bids didn’t surface and asking prices were around USD 166-plus live in the South, while the North was quiet. There was a very light, scattered trade that took place in Kansas at USD 164 live and in Nebraska at USD 265 dressed on Mar 13.
US: Grassley Says Transparency Needs to Be Restored in Cattle Markets (Mar 14)
US Senator Chuck Grassley is calling on the 118th Congress to pass his cattle market transparency bill. The Cattle Price Discovery and Transparency Act of 2023 would establish regional cash minimums and equip producers with additional market information, including a permanent cattle contract library. The legislation passed out of committee in 2022 but failed to get time on the Senate calendar.
US: Historically Low Cattle Inventories in the US Are Projected to Fall Even Further (Mar 14)
Cattle inventories are the lowest they’ve been in more than half a century, and will drop even further, said James Mitchell, extension livestock economist for the University of Arkansas System Division of Agriculture. Drought during 2022 prompted many ranchers to liquidate herds after being unable to find hay to feed their cattle. Mitchell said beef production has recovered from the pandemic’s precipitous drop in 2020 but is forecast to decline through 2023. With tighter beef production, expect beef prices to be slightly higher, he said. That number compares with 59.2 pounds per person in 2022 and 58.8 pounds per person in 2021. Some are going to quote this as an erosion in beef demand.
US: February Cattle Placements Drop 7% On Year (Mar 17)
The USDA says the number of cattle placed into US feedlots in February fell sharply. The total of 1.734M head was down 7% on the year, towards the low end of pre-report estimates, and the sixth month in a row with a decline. Drought continues to be an issue in some of the major US feeding areas, feed costs are still relatively high, and a large number of cattle were pulled forward during 2022. Most of the placements were cattle weighing between 700 and 900 pounds, eventually heading to market this summer and fall. Marketing during February were 1.735M head, a decrease of 5% on the year, and the total number of cattle in feedlots on March 1st was 11.645M head, 5% less than last year.
Australia: Light Yearling Steers to Re-Stockers Make 438C at Toowoomba (Mar 13)
Mixed quality at Toowoomba good to useful falls of rain across the general supply area combined with the recent reduction in prices reduced the number of stock at the Toowoomba cattle sale to 91 head on Mar 13. The overall quality of the small yarding was very mixed. A fair panel of buyers covering all categories was present and operating. Most classes experienced very little change in price for the quality penned. Lightweight yearling steers to re-stockers made to 438c to average 430c/kg. Yearling steers to feed for the domestic market averaged 367c and made it to 378c/kg. Heavy weight yearling steers to feed made to 368c/kg.
Australia: A Digitized Greenhouse Gas Calculator Has Been Launched for Australian Producers (Mar 14)
Meat & Livestock Australia (MLA) on Mar 14 launched an online, web-based greenhouse gas (GHG) calculator based on the Sheep and Beef Greenhouse Accounting Framework (SB-GAF) tool for Australian sheep and beef producers. The digitized version of the SB-GAF tool is based on the freely available excel version of the tool available on the Primary Industries Climate Challenges Centre (PICCC) website to ensure consistency across the sector.
Ireland: Beef Price Edges up Despite Short Week (Mar 13)
This week’s factory quotes for beef cattle saw price increases of 5c/kg materialize at some sites, while other outlets are holding prices for cattle at the same level as last week. The price increase at some sites comes despite the four-day kill this week due to St. Patrick’s Day on March 17. Generally, in a four-day week, it is unusual to see any upward movement in price, so the rise at some outlets is a positive signal for the trade. Heifers are generally being quoted at USD 5.66/kg (€5.25) on the grid this week, however, USD 5.71/kg (€5.30) is still being paid for some. A weight bonus at one Co. Donegal outlet leaves USD 5.77/kg (€5.35) on the grid available for heifers with a carcass weight between 300-400kg. Bullocks (steers) are generally being quoted at a price of USD 5.61/kg (€5.20) on the grid, however, USD 5.71/kg (€5.30) is being paid for bullocks at the higher end of the scale.
Ireland: Blow to Calf Exports as Sailings Cancelled Due to French Strike (Mar 14)
There has been a further blow to calf exports as the French pension reform strikes, taking place this week, have led to the cancellation of some sailings between Ireland and France. Stena Line confirmed to Agriland that sailings from Rosslare to Cherbourg, France, were canceled on March 14 because of ongoing industrial action in France. Typically calves, which are exported from Ireland, arrive in mainland Europe through the port of Cherbourg in France where they are unloaded at lairages to be fed and rested before they resume their journey to destination markets across Europe. Agriland understands that 17 consignments of 5.1K calves in total, which were due to depart from Ireland to mainland Europe Mar 14, were impacted by the cancellation of ferry services. This is likely to have resulted in lower demand and reduced prices for export-type Friesian bull calves at marts across Ireland over the past few days.
Ireland: Factory Cattle Supply Back 6K Head in 10 Weeks (Mar 19)
The supply of finished cattle to beef factories in Ireland has fallen by over 6K head in the first 10 weeks of 2022, according to the latest figures from the Department of Agriculture, Food and the Marine (DAFM). A total of 334.55K cattle (excluding veal) have been processed at DAFM-approved factories in the first 10 weeks of this year. This figure is 6.15K head of cattle below the 340.7K cattle processed in the first 10 weeks of last year. The news comes as Bord Bia has projected the supply of finished cattle in Ireland to fall by 50-60K head this year following the record-high number of cattle killed in 2022 when supply increased by 132K head in the previous year (2021).
Germany: Bovine Animals Slaughtered Decreased by 2% In 2022 (Mar 15)
Over the year 2022, 755K bovine animals were slaughtered. This is a decrease of 2% compared to the previous year, confirming the downward trend already started in 2017. 62.16K bovine animals were slaughtered in January 2023.
Brazil: Export of Live Animals; Brazil Has a Lot of Room to Expand Its Sales and the Biological Institute Can Help (Mar 14)
Since its creation, in 1927, the Biological Institute (IB-APTA), a research institution of the São Paulo State Secretariat for Agriculture and Supply, has been working to make agriculture in São Paulo and Brazil increasingly safe and competitive. One of these fronts, conducted by the Center for Research and Development in Animal Health, works to meet the demands of the livestock sector, related to the import and export of live animals (cattle and pigs) and their products, mainly bovine semen and embryos. For more than 20 years, the IB has carried out the differential diagnosis of reproductive and vesicular diseases in cattle. That is why it is constantly sought after to meet the health protocols required by importing countries, regarding brucellosis, IBR/IPV, BVD, bluetongue and enzootic bovine leukosis, foot-and-mouth disease, and vesicular stomatitis.
Brazil: Cattle Slaughter in Brazil Returns to Growth After Two Years of Decline (Mar 15)
Cattle slaughter grew again in 2022 after two consecutive years of decline. There were 29.8M heads last year, an increase of 7.5% compared to the previous year, from 2.09M heads more. The data are from the Livestock Production Statistics, released Mar 15 by the Brazilian Institute of Geography and Statistics (IBGE). The research analyst, Bernardo Viscardi, said that the 19.1% increase in the slaughter of females was fundamental for this resumption of cattle slaughter.
Brazil: Brazilian Slaughterhouses Lose Up to USD 25M a Day After Suspension of Sales to China (Mar 15)
Brazilian beef packers are losing between USD 20M and USD 25M a day after a trade embargo halted sales to China, agribusiness consultancy Datagro Pecuaria said. The estimate is based on current beef export prices ranging between USD 4.8K and USD 5K/MT. Brazil voluntarily suspended beef sales to China on February 23 after reporting a case of Bovine Spongiform Encephalopathy (BSE), known as mad cow disease, in compliance with health protocols. A subsequent investigation deemed the case "atypical", meaning that Brazil has retained its negligible BSE risk status and may resume exports to China. Lifting the ban, however, depends on formal approval from Beijing. Brazilian authorities said that all relevant information about the mad cow case has been shared with China.
Brazil: Beef and Arroba Prices (Mar 16)
Livestock arroba prices remain weakened in the national market, a scenario that has been verified since the end of February, when meat shipments to China were suspended, following the protocol established between Brazil and China in cases of records of “evil mad cow”. Meat prices traded on the wholesale market in Greater São Paulo were firm. According to data released by Cepea, from March until the 14th, while the CEPEA/B3 Livestock Indicator (São Paulo market) registers an average of USD 52.32/@ (R$ 274.48), the matched carcass was sold in wholesale at USD 54.29/@ (R$ 284.85), that is, with an advantage of 10.37 Reais/@ for the protein. This is the biggest price difference between live cattle and meat since October 2021, when precisely the national livestock sector was going through a scenario of suspension of protein shipments to China.
Argentina: La Niña and the Livestock Crisis (Mar 15)
Argentina's beef cattle industry is facing significant challenges due to the La Niña weather pattern, which has caused drought in most parts of the country. According to a USDA report released on Mar 14, about half of Argentina's pasture area is in poor condition, leading to severe degradation in pasture conditions and production problems. The report highlights key calf production areas that suffer from poor grazing conditions, leading to a significantly lower calf crop projection for 2023. Despite having a "younger" herd of cows, most analysts predict lower pregnancies. In recent years, ranchers have been sending large numbers of culled cows to market, taking advantage of the high prices paid by beef exporters serving the Chinese market.
Argentina: A NASA Study Confirmed That Argentine Cattle Do Not Pollute (Mar 15)
In recent years, global livestock activity has been repeatedly accused of generating a negative environmental impact, from the emission of carbon dioxide. But a study, in this case, by NASA refuted these claims and showed that Argentina is one of the few countries in the world with a positive carbon balance. As explained by Adrián Bifaretti and Eugenia Brusca, from the Institute for the Promotion of Argentine Meat (Ipcva), the traditional approach to measuring this variable is based on measuring carbon dioxide, based on counting and estimating the amount of this gas emitted.
New Zealand: Last Chance to Submit on Beef Genetics Program (Mar 14)
Informing New Zealand Beef is working to boost the sector’s profits by USD 460M over the next 25 years by giving farmers the right genetic tools. Farmers are being urged to have their say on a New Zealand Meat Board proposal to continue funding the Informing New Zealand Beef (INZB) genetics program. Sheep and beef farmers should have received a joint NZMB-Beef + Lamb New Zealand mail-out with information on the NZMB online annual meeting on March 24 including the board’s proposal to keep supporting the initiative.
New Zealand: Plans Are Under Way for More Live Cattle Shipments to China Before the Ban Takes Effect (Mar 14)
Three more shipments of live cattle are expected to depart New Zealand for China before a ban on the trade comes into force at the end of April. When the Government announced the ban on livestock exports by the sea in 2021 it granted the sector a two-year transition period, allowing exports to continue under tightened rules which were introduced after the sinking of the Gulf Livestock 1. Nearly 6000 cattle and 43 crew, including two New Zealanders, were on board the Gulf Livestock 1 when it capsized in the East China Sea in 2020. Figures from the Ministry for Primary Industries show in 2022, 134.59K live cattle were shipped to China, where they are being used for breeding purposes. That compared to 134.72K cattle in 2021 and 109.92K cattle in 2020, but numbers were much lower in 2019 when just under 40,000K cattle were exported to the country. MPI said so far in 2023 two livestock shipments, comprising 11.57K cattle in total, had departed New Zealand.
New Zealand: Farm Profits Could Drop By Over 30% (Mar 15)
High inflation and reduced livestock prices could result in profits on beef and sheep farms in New Zealand falling by almost a third, according to a new report. The Beef and Lamb New Zealand Mid-Season Update 2022/23 says that farm profit before tax is estimated at USD 90.7K (NZ$146.3K). This is a 31% decrease from 2021/22 and below the average for the past five years. Beef and Lamb New Zealand chief economist, Andrew Burtt said that inflationary pressure is causing on-farm costs to increase sharply, “eroding the benefit of what are still historically pretty good farmgate returns”. He said that recovery is expected in global demand for sheep meat and beef, while supply levels remain tight. This follows a stark drop in demand for sheep meat at the start of the season before China relaxed its zero Covid-19 policy.
New Zealand: Farmers Are Under Pressure and All New Zealanders Should Be Concerned (Mar 15)
Many farmers and rural communities face a long road to recovery in the wake of Cyclone Gabrielle, while other farmers in parts of the South Island are grappling with extremely dry conditions. It’s a challenging time for farmers, who also face rising costs and uncertain global markets. Almost one-third of New Zealand’s sheep and half our beef cattle are in North Island regions that were subject to a state of emergency following the cyclones. Another third of New Zealand sheep and 14% of our beef cattle are in Otago and Southland. This means two-thirds of both sheep and beef cattle are in areas either suffering from the effects of the cyclones or suffering dry conditions. This has a knock-on effect on the wider economy, including businesses that service farms like vets, trucking companies, and shearers.
UK: Government Accused of Neglecting Welfare and Carbon Commitments in New Trade Deals (Mar 14)
Farming groups have criticized the government over plans to sign trade agreements with Canada and Mexico that will lead to low-welfare imports of beef and pork undercutting British producers. Further imports of meat from North America could also compromise the UK’s carbon targets, especially following recent trade deals with Australia and New Zealand, farming groups said. Nick Allen, CEO of the British Meat Processors Association, raised concerns over the lack of binding stipulations on aspects such as animal welfare and environmental impact in free trade agreements.
UK: Anglesey Farmers in UK to Be Advised on TB Measures (Mar 14)
The Welsh government is set to issue advice for cattle keepers on Anglesey to help keep bovine tuberculosis (bTB) incidences on the island low. The latest surveillance data figures show that the average number of open breakdowns at the end of each quarter for the year to September 30, 2022, was six. This compares to 5.5 for the previous year and 3.25 for 2017. The government said the figures on the island remain “reassuringly low” compared to other areas of Wales, but the recent rise in incidences and prevalence is a “cause for concern” along with increasing disease confirmation rates and numbers of cattle culled for TB control reasons. These early trends are suggesting that this may be another area with emerging bTB, following on from now-established clusters in rural Wrexham and more recently in Denbighshire and the Conwy Valley, the government said.
India: Foot and Mouth Disease Vaccination Completed in Nearly 24 Crore Cattle and Buffaloes (Mar 18)
Foot and Mouth Disease (FMD) is a major disease of livestock especially in cattle and buffaloes in India and causes huge economic loss to livestock owners due to a reduction in milk yield. During the second round of the Foot and Mouth Disease vaccination drive, around 24 crore cattle and buffaloes in the country have now been covered out of a targeted population of 25.8 crore cattle (as per data furnished by the states); reaching a near-universal coverage of over 95% which is well beyond the herd immunity level. Reaching this milestone has been made possible due to the efforts of the Department of Animal Husbandry and Dairying (DAHD), the Government of India, states and union territories, and most importantly the support of the livestock owners, Ministry of Fisheries, Animal Husbandry & Dairying said on Mar 17. The program is 100% funded by the Government of India which is centrally procuring vaccines against FMD and supplying them to the states and is also providing for vaccination charges, accessories, awareness creation, and cold chain infrastructure among other related supports to enable the states and UTs to undertake vaccination in campaign mode
Kazakhstan: Brucellosis in Livestock Has Become Less Common in Northern Region (Mar 14)
According to the results of 2023, a decrease in the incidence of brucellosis in cattle has been observed in the North Kazakhstan region. The measures taken for veterinary and sanitary safety were considered at the operational meeting in the regional akimat. Head of the veterinary department Olzhas Bolyspaev said that last year 206 animals with brucellosis were detected, which is almost 45% less than in the previous similar period. The number of registered points unfavorable for brucellosis decreased by 30%, from 11 to 3. Last year, not a single case of foot-and-mouth disease was registered in the region. Measures were taken in advance and more than 2M head of cattle were vaccinated.
Kazakhstan: Temporal Bans on the Import of Cattle From the Netherlands (Mar 17)
The Committee for Veterinary Control and Supervision of the Ministry of Agriculture of the Republic of Kazakhstan, based on official information from the World Organization for Animal Health (WAHIS), from Mar 9, 2023, introduced temporary restrictions on bovine spongiform encephalopathy (BSE) on the import of cattle into Kazakhstan from the territory of the Netherlands. The ban also applies to import of transit of live cattle through the territory of the Republic of Kazakhstan is also prohibited. Earlier it was reported that temporary restrictions were imposed on the import of cattle and beef from Brazil.
Kazakhstan: The Ministry of Agriculture of the Republic of Kazakhstan Determined New Quotas for the Export of Bulls and Rams for a Period of 6 Months (Mar 17)
It became known that the Ministry of Agriculture of the Republic of Kazakhstan has prepared an order "On some issues of the export of farm animals from the territory of the Republic of Kazakhstan." According to the document, it is planned to extend the quotas for the export of bulls and rams for 6 months.
Turkey: One of Turkey’s Most Important Livestock Centers in Muş (Mar 16)
In Muş, one of the important livestock centers of Turkey, it is aimed to contribute approximately USD 0.053B (1B TL) to the provincial economy of the 70K calves expected from the birth of bovine broodstock in 2023. Calf births have started in Muş, which has fertile pastures and plateaus. In Muş, which is one of Turkey's important livestock centers with around 280K cattle, approximately USD 0.053B (1B TL) income is expected from calf births to the provincial economy. The Head of the Cattle Breeders' Association of Muş, Cemal Aral, stated that Muş is a province of agriculture and animal husbandry and said, "Muş is one of the important centers of Turkey in terms of animal husbandry. We have around 280K cattle in Muş.”
Turkey: FMD Vaccine Started to Be Given to Cattle in Ardahan (Mar 17)
In Ardahan, one of the provinces where livestock farming is common, cattle started to be vaccinated after SAT-2 serotype disease. Within the scope of the measures taken by the Agriculture and Forestry Directorate to prevent foot-and-mouth disease, separate teams were formed for the city center and 5 districts. The teams started vaccination studies for cattle in their areas of responsibility. Provincial Director of Agriculture and Forestry, Muhammet Fatih Cineviz, told Anadolu Agency (AA) that the teams visited the barns and farms in different parts of the province and districts and made vaccinations. Stating that they plan to complete the study in 20 days, Cineviz said, "We started working quickly. We plan to complete the vaccination study for all animals in the province on the specified date."
Turkey: ‘Sat-2 Serotype’ Disease Vaccine Started to Apply to Animals in Edi̇rne (Mar 18)
In order to combat SAT-2 serotype foot-and-mouth disease, which is also seen in some regions of Turkey after its emergence in Iraq, vaccination studies were initiated by the Ministry of Agriculture and Forestry in Edirne, as well as throughout the country. The vaccine developed in the laboratories of the Ministry is administered by the veterinarian of the Provincial Directorate of Agriculture and Forestry to approximately 155K cattle throughout the province, aiming to prevent disease transmission. The Ministry of Agriculture and Forestry took action after the SAT-2 serotype foot-and-mouth disease, which emerged in Iraq about 15 days ago, was seen in cattle in some regions of Turkey. The Ministry stopped animal mobility throughout the country, closed animal markets and places where live animals are sold, and started work to combat the disease.
Switzerland: Atypical BSE Case in a Cow (Mar 13)
Veterinary authorities have discovered the atypical form of bovine spongiform encephalopathy (BSE) (mad cow disease), in a cow in the canton of Graubünden. Unlike the classic form of the disease, atypical BSE can appear spontaneously and unrelated to the use of animal meals as animal feed. The carcass was incinerated and therefore poses no danger to other animals or humans. It was within the framework of the BSE monitoring program that the laboratory in charge of the analyzes revealed the disease in a 12-year-old cow that was to be slaughtered, according to the Federal Office for Food Safety and Veterinary Affairs ( OSAV) on March 13. The analyzes carried out subsequently showed that it was an atypical case of BSE. The carcass was disposed of properly and incinerated: the meat of the sick cow was therefore not introduced into the food chain.
Peru: Culling Bats After Rabies Outbreak Found to Be an Ineffective Strategy to Prevent Livestock Loss (Mar 13)
A team of biologists at the University of Glasgow, working with colleagues from several institutes in Perú, has found that culling bat colonies after a rabies outbreak in livestock are not an effective way to halt the spread of the disease. In their study, published in the journal Science Advances, the group studied infection rates and conducted viral genome sequencing to better understand rabies transmission in bats to livestock. For many years, cattle ranchers and other livestock managers in South America have been battling periodic outbreaks of rabies. And while the disease is transmitted by a variety of creatures, the primary threat to livestock is believed to come from vampire bats. Such bats find easy meals preying on defenseless domesticated animals.
Indonesia: Ramadan Arrives, Live Cattle Imports Increase 12 Times (Mar 16)
At the end of March, the Muslim community will observe fasting. Generally, just before the fasting month, the demand for several commodities increases, including the demand for beef. This has already begun to be read from the data from the Central Statistics Agency (BPS) which noted that in February 2023 Indonesia imported 7.8M kg of live cattle. This value increased 12 times compared to imports in the previous month which was only 636.7 kg. In line with the total volume, the import value of cattle also increased up to 11 times. Based on BPS data, in January 2023 Indonesia only imported live cattle of USD 2.39M. However, in the following month, the import value of live cattle increased to USD 27.49M (Rp. 423.3B).
Indonesia: Inaugurating Modern RPH, Syl Encourages the Modern Livestock Industry (Mar 17)
Modern Slaughterhouses RPH are now available in Gowa. It is hoped that the presence of modern slaughterhouses will be able to encourage the growth of the modern beef cattle livestock industry in South Sulawesi. This slaughterhouse, according to SYL, who was once the Regent of Gowa, is also a symbol that the government is making full efforts to build an ecosystem in fulfilling nutrition, including the need for beef, which is needed by the community. South Sulawesi Province is one of the beef cattle-producing centers in Indonesia. In 2022 the population data for cattle was 1.4M heads and beef production was 126.2K MT. So far, cows from Gowa Regency have supplied local needs and the city of Makassar.
Taiwan: The Taipei City Department of Health Inspected 2,115 Livestock and Poultry Meat Products for Leukotriene and 956 Food Products for Radioactive Residue (Mar 17)
The Taipei City Department of Health inspected 2,115 livestock and poultry meat products for leukotriene and 956 food products for radioactive residue. Inspection results were announced On March 16, 2023, and no leukotriene was found in the pork. They found 99 American beef products, all under the allowed limit. In addition, they found 26 violations in labeling the origin of the meat products and four violations in marking the source of Japanese food products. The channels included snack shops, restaurants, supermarkets, stores, food stores, and market vendors.
Global: China and the US Are Key Players in the Global Beef Trade (Mar 13)
A new report from Rabobank shows how China and the United States will play, from different angles, crucial roles in the global meat market this year. On the Chinese side, an increase in the demand for meat is expected, after the restrictions due to Covid-19 are lifted, while in the case of the United States, the fear is due to the lower supply. China will remain the key player in this market depending on how its demand, which is expected to rise in the second half of the year, bolsters global beef prices, according to the bank's report. Meanwhile, the contraction of US production is another focal point. “Beef cow counts have fallen to the lowest point since 1962, and feed inventories are showing a decline,” said Angus Gidley-Baird, a senior animal protein analyst at Rabobank. "This is expected to cause a redistribution of global beef supplies and a general contraction of the market." In addition, the supply of Brazilian beef is expected to be even higher this year, with China as the main export destination, although average import prices in 2023 are likely to fall due to increased volumes.
Global: Market Analyst Foresees a Global Demand for Firm Meat and With Growing Prices (Mar 15)
The international markets analyst, Víctor Tonelli, told Valor Agro that the temporary exit of Brazil from China "will not have a major impact on the markets" and estimates that the return of exports will be before the end of March. In addition, he indicated that coming out of the situations experienced in the last three years, the international bovine meat market is beginning to walk with more stability and the next two semesters are very positive for the demand for red protein. Among the factors that will impact a lower supply, he referred to the droughts that have affected the productive regions of Mercosur, the lower supply and impossibility of self-supply in the European Union, and a drop in production from 800K MT to 1M MT/year for the United States, which also felt the effects of three consecutive years of lack of rain, something it had not experienced for more than half a century.
EU: Decrease in Production of All Types of Meat in 2022 (Mar 14)
According to preliminary data from the Statistical Office of the European Union (Eurostat), the total production of beef, pigs, poultry, and sheep decreased by 1.7M MT compared to 2021, down 4.0%. to 41.25M MT. For cattle, fewer animals and falling slaughter weights led to a reduction in EU meat production in 2022, down 2.4% compared to 2021 to 6.64M MT. Thus, the long-term negative trend was maintained. Only four of the 27 Member States reported an increase in beef production. These include Ireland, Spain, Portugal, and Greece.
EU: High Costs Are Pressuring EU Beef and Swine Sectors (Mar 14)
High feed and energy prices and environmental restrictions are pressuring both cattle and swine farmers in the European Union (EU), leading to a reduction in operations, according to a recent USDA GAIN report. National implementation of the EU’s Common Agricultural Policy is not anticipated to curb the continued decline in beef production, as EU Member States are expected to increasingly focus on support for smaller farms. With lower domestic production, EU beef imports are forecast to recover to near pre-coronavirus levels in 2023. In addition to high input prices, the EU swine sector faces reduced domestic and export demand.
South America: Supply Restriction Keeps the Price of Local Farms in Paraguay, Argentina, Brazil, and Uruguay Stable (Mar 16)
In W11, there was stability in the price of the Paraguayan steer, as it remained at USD 3.40 kg/carcass. This condition is attributable to the lower market offer for vaccination work against foot-and-mouth disease and bovine brucellosis in the country, which runs until Mar 17. As for the Argentine steer, there was a drop of eleven cents in one week, since it reached USD 4.41. Valor Carne mentions that to the drop of USD 10 in the offers of the refrigerators, there is a need to add the weekly devaluation that remains below 6% per month. In Brazil, the farm price added four cents in seven days (USD 3.57). This week there was an increase in the domestic price, which was barely offset by a minimal devaluation. Finally, the Uruguayan treasury reached USD 4.07, after registering a rise of 12 cents. Shippers say the market remains firm.
US: Beef Exports Start the Year With a Drop (Mar 13)
US beef exports declined to several key destinations in January, although shipments increased sharply to Mexico, the Dominican Republic, the Philippines, and Africa. January volume was down 15% YoY to 100.94K MT swt, valued at USD 702.3M (down 32%). Beef inventories increased in some key markets towards the end of last year, contributing to a challenging environment for US exports. Beef exports in January were down substantially from most Asian destinations compared to year-ago grand totals. The drop was especially sharp in South Korea, where volume fell 36% to 18.9K MT swt and value fell 52% to USD 151.5M. Korea is coming off a record year in which exports set an all-time record for any destination, hitting USD 2.7B.
US: For the First Time, the United States Exported More Beef to China in 2022 Than Australia (Mar 14)
The United States sent 192K MT of beef to China in 2022, surpassing Australia, which was the main exporter amounting to 185K MT. Until just 3 years ago, the oceanic country sent 300K MT to the second largest economy in the world, while the US barely reached 10K MT. According to the South China Morning Post report, the increase in US beef exports to China is a consequence of the trade war between the two largest economies majors in the world as well as the increase in tensions between Beijing and Canberra in recent years.
US: Beef Export Sales up on Week (Mar 16)
Net beef sales totaled 17.7K MT, a steep increase on the week and 24% above the four-week average. The reported purchasers were South Korea (5.3K MT), Japan (3.2K MT), Taiwan (2.6K MT), Hong Kong (1.9K MT), and China (1.6K MT), with cancellation by Chile (100MT). Shipments of 15.9K MT were 22% higher than the previous week and 2% more than the four-week average, mostly to South Korea (4.4K MT), Japan (3.9K MT), China (2.6K MT), Mexico (1.3K MT), and Taiwan (1K MT).
Tridge Analysis: Australian Beef Exports on the Rise as Cattle Slaughter Grows and Brazil Suspends Exports to China (Mar 15)
Australian beef exports rose 18% YoY in Jan-Feb 2023, as cattle slaughter rose by a similar pace and Brazil exported less beef to China due to a temporary suspension. Australian production and exports are predicted to grow considerably in 2023. Lower beef exports from the US will likely result in Australia regaining its global market share. According to data from the Australian Department of Agriculture, Fisheries and Forestry, cumulative Australian exports of fresh, chilled, and frozen beef, including veal, in January and February 2023 rose to 122K MT, their highest level for the first two months of the year since 2020 and representing an 18% YoY increase. (Continue Reading)
Ireland: Beef Prices Are Expected to Remain Historically High (Mar 13)
According to a recent report from the Agriculture and Horticulture Development Board (AHDB), beef prices are expected to remain “historically high” for 2023. Tight beef supplies expected globally in 2023, predominantly due to reduced beef production in the northern hemisphere are outlined as being the key reason for this. According to Bord Bia’s 2023 Irish beef sector outlook, 90% of the value of Irish beef exports go to the EU and UK marketplaces. The UK accounted for 43% of the total value of Irish beef exports at USD 1.19B (€1.1B) in 2022. According to the AHDB report, any change in production or trade in Ireland can impact domestic beef prices in the UK. Bord Bia has forecast Irish factory cattle throughputs to fall by 3-4% or 50K- 60K head in 2023, mainly in the first half of the year.
Mexico: With 17% Less Beef Exported to the US, Mexico Fell One Position in the Supply of This Protein (Mar 15)
During the first 10 weeks of 2023, Mexico exported 51.36K MT of bovine meat to the United States, a volume that, although it places it as the second main supplier, also represents a 17% drop in YoY terms. According to the Grupo Consultor de Mercados Agrícolas (GCMA), during the same period of 2022, Mexico had positioned 61.89K MT in this destination, which was enough to occupy the first place within the category. Currently, the main exporter of beef to the North American country is Canada, with 65.65K MT, which is, 8% more compared to the same set of weeks last year.
Mexico: Millionaire Risk for the Mexican Meat Business Due to the New USDA Labeling (Mar 16)
Approximately USD 1.3B is the amount that would be at risk for Mexico if the modifications proposed by the United States government to the regulations of the labeling "Product of the United States" are approved. This is derived from shipments of bovines and beef made in 2022, as estimated by the Agricultural Markets Consulting Group (GCMA). Héctor Alejandro Garza Garza, president of the Mexican Association of Meat Producers (AMEG), explained that since Mexico is the second main supplier of beef to the US, this labeling would have a strong impact on the industry, since self-service chains would begin to demand it from their suppliers, forcing the industry to segregate both animal and bovine protein from other nations, in order to remain profitable.
Mexico: Surpassing China as the Third-Best Market for US Beef (Mar 17)
During January, US bovine meat exports experienced a contraction of 15% compared to the same period last year, ending at 100.94K MT, this derived from percentage drops in the main destinations. In terms of value, the United States Meat Exporters Federation (USMEF) reported an even more pronounced decrease, in the order of 32%, with which these exchanges generated USD 702.3M. Despite this, shipments to Mexico increased 20% in YoY terms versus 2022, reaching 17.48K MT, valued at USD 94.7M, which represented a growth of 19%. With this volume, Mexico took its place from China as the third main destination for US beef, since sales to this Asian destination fell 24% in terms of tonnage and value, closing with 14.98K MT for a total of USD 125.3M.
Poland: Beef Meat Market (Mar 15)
On February 20-26, 2023, the domestic price of slaughter cattle was USD 2.46/kg (PLN 10.73) compared to USD 2.47/kg (PLN 10.74) in the previous week. This livestock was respectively 1% and 9% more expensive than a month and a year ago. In meat processing plants, compensated beef quarters from bulls up to 2 years old were sold at USD 4.91/kg (PLN 21.39), which is 1% cheaper than the week before. At the same time, the price of this assortment was 2% higher than in the last week of January this year and by 8% more than in the same week of 2022.
Poland: It Is Worth Fighting for New Markets for Polish Beef (Mar 16)
Polish beef is gaining more and more recognition in the world due to its high quality. In Poland, animals are often kept in conditions of increased welfare and fed with fodder produced by farmers on their own, which positively affects the culinary value of meat. However, beef is also relatively expensive, so increasing its consumption is not an easy task. The president of the Polish Meat Association is of the opinion that contrary to appearances, one cannot count on a large increase in beef consumption in the Polish market. In an optimistic scenario, he expects annual beef consumption per person to increase from 3.2 kg to a maximum of 5 kg but points out that this will take years of hard work.
Tridge Analysis: The Impact of the Mad Cow Disease in Brazil on the Global Beef Industry (Mar 13)
In Feb-23, a case of mad-cow disease, also known as bovine spongiform encephalopathy (BSE), was identified in a nine-year-old bull from the Northern State of Para, Brazil. As a result, key markets have reacted to the news by placing bans on beef of Brazilian origin. During the first week of Mar-23, Thailand, Russia, Iran, and Jordan placed temporary bans on imported beef from Brazil. The discovery triggered an automatic ban on Brazilian beef sales to China, and the US states of South Dakota, Montana, and New Mexico also reintroduced bills to suspend beef imports from Brazil to the US. If restrictions are placed on Brazilian beef entering the US, Brazil stands to lose out on potentially USD 913.1M in beef sales in 2023, while the ban on Brazilian beef to China is set to result in a potential loss of USD 8.06B in 2023 for Brazil, about 61% of Brazil's total beef exports. The recent bans have also impacted global beef prices. Wholesale prices of fresh whole beef in Iran rose to USD 47.02/kg on the 27th of February from USD 33.57/kg on the 30th of January, a 40% increase. (Continue Reading)
Brazil: It Depends on China, Says Alckmin About the Resumption of Meat Exports From Brazil (Mar 14)
The vice president and minister of Development, Industry, Commerce, and Services, Geraldo Alckmin, said that the resumption of Brazilian meat exports depends only on China. “It has been proven that it is an atypical case. We are waiting, it is a matter of days for it to be released [the export]”, he said. On Mar 13, Alckmin participated in an event organized by the Brazilian Trade and Investment Promotion Agency, ApexBrasil, in São Paulo. The case of the mad cow was registered on February 20, in Pará. After an investigation, the World Organization for Animal Health said that the case is atypical and the result of spontaneous generation and that there is no risk of spread in humans and livestock. The Ministry of Agriculture and Livestock suspended the export of Brazilian meat to China three days later. Since the conclusion about meat safety, the Brazilian government has been trying to unlock exports. By agreement between the countries, just registering cases of the disease is enough to temporarily stop sales.
Brazil: Maintaining Certified Beef Shipments Ahead of China Embargo (Mar 15)
Lots of beef certified before the Chinese embargo, motivated by an atypical case of "mad cow disease" disease in Pará, continued to leave Brazilian ports even after the suspension of purchases by China on February 23. These loads are in transit for a journey that takes more than 30 days to the Asian country, with exporters betting that the end of the embargo will be announced soon. "All merchandise that was inside ships on the pier, or at sea, until the day of the self-embargo continues its journey and so far we have no reports of any unloading problems," the director of the consultancy Agrifatto, Lygia Pimentel, told Reuters. She said that there is an indication that shipments to the Chinese continued, considering this month's data from the Foreign Trade Secretariat (Secex), although it is not clear which slaughterhouses made shipments.
Brazil: Stability and Expectation for a Change in the Cattle Scenario by the End of March (Mar 15)
Price stability prevails in São Paulo markets. The expectation of the slaughterhouses, according to Scot Consultoria, is that, by the end of the month, exports to China will be resumed. There are still no purchase offers for the “China ox”. The supply of females increased and, as a result, the buying end reduced the price of the heifer by USD 0.94 (R$5.00)/@. For the price of ox and cow, prices are stable in the daily comparison. Until the second week of March, 67.4K MT of fresh beef was exported. The daily average shipped was 8.4K MT, an increase of 9.6% compared to March/22, the average daily revenue is USD 41.0M, a decrease of 9.6% in the same comparison.
Brazil: Fat Ox Market Remained Closed in São Paulo (Mar 16)
Most slaughterhouses remained out of the market, mainly exporters. The industries that export have scales scheduled until the end of the month, or for the next fifteen days, so they are out of purchases. Apparently, they have rescheduled the scales since the embargo, decreasing the slaughtered herd per day. Those catering to the domestic market was buying at the prevailing price reference in recent days, with the price of live cattle stable since February 24th. There were no buy offers for “Boi China”. In 2022, 29.69M heads were slaughtered, an increase of 8.0% compared to the slaughter in 2021. The participation of females in cattle slaughter was 37.3% in 2022, equivalent to 11.1M head, 1.8M head more than in 2021. In Cuiabá, MT in the day-to-day comparison, the cattle price fell by USD 0.38/@ (R$2.00).
Brazil: Mexico Will Now Be Able to Taste the Brazilian Beef (Mar 16)
Shortly after Mexico enabled Argentine meat for the first time in 20 years, Mexico gave the green light to the market of the largest exporter of bovine protein. In turn, the Government of Brazil described the opening as "historic" and "a dream they had more than a decade ago." After authorizing the import of meat from Argentina after a 22-year ban, Mexico will open its doors to imports of beef from Brazil to "diversify" its food chain in the face of rising inflation. Santa Catarina, a state in southern Brazil, will be able to export fresh, chilled, or frozen bone-in meat to Mexico. Another 14 states, including large producers such as Mato Grosso and Mato Grosso, do Sul, will only be allowed to export aged, boneless cuts. The National Agrifood Health, Safety, and Quality Service (Senasica) established a set of sanitary requirements for imported meat amid concerns over foot-and-mouth disease and mad cow disease (bovine spongiform encephalopathy).
Brazil: In 2022, Brazilian Meat Exports Grew 23% In Volume and 40% In Turnover (Mar 16)
Brazil would return to selling meat to China at the end of the month after the detection of the case of an atypical mad cow or BSE, recognized by the authorities themselves. The refrigerators in that country know that it is a temporary suspension since China needs more and more meat beyond the fact that it is rebuilding its own production of pork. Brazilians are preparing to meet this and other global demands. According to a report by ABIEC (Brazilian Association of Meat Exporters), by 2030 they plan to sell 3M MT of beef cuts. It is the same that Argentina produces. It is very likely that at the rate that shipments to the international markets of the neighbors are growing, this objective will be met much sooner. Data from ABIEC indicate that in 2022, Brazilian slaughterhouses exported 2.25M MT of beef, which means a growth of 23% in volumes compared to 2021. The total shipped is already equivalent to Argentina's internal consumption of this meat, one of its most precious cultural assets. In the neighboring country, meanwhile, the export turnover in 2022 was USD 13B, which means an increase of 40%. It happens that the average price per ton exported was USD 5K, which indicates an increase of 16% compared to 2021.
Brazil: Continuing With ‘Tranquility’ as the Largest Exporter of Beef (Mar 17)
Without being able to export beef to China since February 23, when a case of mad cow disease was announced in Pará, Brazil will end the year at the top of the ranking of the world's largest exporters of the protein. At least that's what analyst Fernando Iglesias, from consultancy Safras & Mercado, assesses. By signaling that the embargo on shipments of the product to China is only “provisional”, Iglesias pointed out that the country tends to end 2023 with around 2.3M MT of beef (including carcasses ) sent to the international market. Last year, 2.345M MT were exported. “Brazil should maintain its global leadership in beef exports with some peace of mind,” said Iglesias while participating in the Mar 16 edition of the news program ‘Mercado & Companhia’.
Paraguay: Paraguayan Government Wants No More Red Tape From Us on Beef Exports (Mar 16)
Paraguayan authorities insisted in W11 before the US Embassy that there were no sanitary impediments for the northern country to welcome beef shipments from the South American nation, only red tape was hindering progress in that regard. President Mario Abdo Benítez and other officials conveyed to US Ambassador Marc Ostfield the urgency to add meat cuts to the current bilateral trade during a meeting on Mar 14 in Mburuvicha Róga. The hosting delegation also recalled that Paraguay has already passed the sanitation and innocuousness tests.
Argentina: The Cow Has the Rope Around Its Neck (Mar 13)
The drought does not let up, China does not push enough and the government does not take its claws from beef exports. Lower-quality females go back to zero in terms of prices. The numbers indicate that for now, the Asian giant is not meeting the expectations that the review of its case by the USDA aroused. It must be remembered that the United States Department of Agriculture changed its negative forecast for the evolution of beef imports from China in 2023, for another that envisioned growth in foreign purchases up to a total of auspicious 3.4M MT. It was a very celebrated novelty at the time because the Oriente locomotive is not just any importer, it is an exclusive client for Argentina, Uruguay, and to a lesser extent Brazil. The three account for 75% of China's imports. According to Uruguayan analysts, taking into account the proportion of meat with and without bone imported last year, some 165K MT will have to sail from this region monthly to meet expectations. Between last November and January, Mercosur exported some 155K MT/month to China, but in February the volume shipped was much lower. It is estimated that between the three of them, they loaded some 128K MT, that is, 37K MT less than China's probable import needs. Thus, between November and February, Mercosur's exports accumulated a deficit of some 68K MT compared to China's demand expectations for this year. And it is suspected that with Brazil excluded from this market due to the mad cow case in Pará, the March deficit will exceed 50K MT.
Argentina: Meat Went Up by 29% In February (Mar 13)
The prices of the different cuts of beef registered a rise of 29% in the second month of 2023 compared to the month of January, according to the CEPA Price Observatory (Argentine Political Economy Center). In YoY terms, compared to February 2022, beef cuts increased their price by 76.8%. That is to say that despite the very strong rise that they registered last month, they still continue to be “below the general increase in prices in the economy”, which was 101.3% between the same months. The CEPA report says that in February 2023 "a fairly uniform impact of the increases can be observed in relation to the different cuts." The "intermediate cuts" are the ones that increased their prices the most, 30.5%. On the other hand, the “expensive” and “economic” cuts showed a rise of 29.2% and 27.7% respectively.
Argentina: Meat Exports of Argentina, the Best January in the Last 19 Years (Mar 15)
In YoY terms, a rebound of 31.3% was observed. Meanwhile, the average price of exported cuts fell 26.8% in the last year. The drop in unit value more than offset the increase in exported volume, which translated into a 3.8% YoY contraction in income from beef exports. The certification of vaccine exports was equivalent to 50.6K MT pp of beef and 71.9K MT of bone-in beef (tn r/c/h).
Poland: Development of Beef Quality Systems as an Opportunity for Farmers (Mar 13)
The high quality of meat is increasingly more important than its quantity. There is a growing group of consumers who expect meat from animals living in conditions of increased welfare and characterized by specific parameters. A farmer who meets these expectations has a chance for a higher profit. Solutions seen in Australia Jerzy Wierzbicki explains that in Australia the beef quality system that he would like to introduce in Poland has been working for 25 years. Farmers whose meat meets higher quality requirements receive a higher payment for it on the basis of certain standards. He adds that certain quality systems operate in Poland, but these are usually internal solutions of individual meat plants that are not standardized.
New Zealand: Commodity Markets (Mar 16)
RaboResearch anticipates that the beef schedule will hold around current pricing levels in March, but there is potential upside. The North Island bull price held at USD 4.12/kg (NZ$ 6.65) cwt through January and February, which is NZc 52 above the five-year average price. The suspension of Brazilian beef exports may provide some pricing support for New Zealand beef exports, but it depends on two things: how long the suspension lasts and how quickly reported high beef inventories in China are worked through. Although there are reported high beef inventory levels in China, we do not think it is cause for concern. Demand for New Zealand beef from China continued to grow through 2022 New Zealand export volumes grew 5%, and the average export price lifted 27% YoY at USD 1.24 FOB (NZD 2.00).
Japan: Japanese People Are Eating Less Red Meat (Mar 13)
Japanese producers of marbled beef (wagyu) are seeking to increase export quotas due to declining demand for red meat in the domestic market. This is due to the trend among the Japanese to eat less red meat and high-fat meat for health reasons. Wagyu is made from the meat of Japanese black breed cows, which are raised under strict conditions in a limited area in Mie Prefecture, where the purity of the breed is strictly monitored. Cattle are grown for 3 years, and only castrated or virgin bulls weighing no more than 470 kg are used for meat. Every year, 8K heads of such cattle are processed for consumption. At the same time, the export quota is currently only 24 heads. The Beef Producers Association, together with the authorities of the city of Matsusaka in Mie Prefecture, plans to increase the quota to 700 head in 2024.
Japan: USDA Lowers Japan’s Beef Import Forecasts for 2023 (Mar 14)
The USDA released its latest forecast report on the evolution of Japan's beef imports for 2023. According to estimates, imports will drop as consumption has fallen due to the strong inflation in the country and the depreciation of the yen against other international currencies. Imports in 2022 were down 4% overall compared to 2021 and stood at 776.56K MT. In the case of premium and refrigerated meat, they fell by 18%, but imports of frozen beef increased by 7%. As a result, Japanese frozen beef and food service channel importers built up stocks awaiting rebounds driven by tourism.
Japan: Inflation Caused a Slippage in Meat Demand (Mar 15)
According to a recent USDA GAIN report, cattle stocks in Japan are declining in 2023 as farmers reduce milk-producing herds to meet excess production capacity. The resulting increase in domestic beef production will reduce import demand in 2023. While growth in tourism will increase food service demand for beef, inflation is prompting retail consumers to be cautious, about who will consume cheaper meats such as pork or chicken.
Russia: Experts Estimate the Potential for Beef Exports From Russia at USD 450-480M/Year (Mar 14)
The potential for beef exports from the Russian Federation is 75-80K MT for USD 450-480M/year. This assessment was made by experts of the Agroexport center under the Ministry of Agriculture in a review of the market for this meat. In 2022, the export of Russian beef amounted to 34.6K MT for USD 234M. This is 6.4 and 12.6 times more, respectively, than in 2017. Record exports in physical terms were noted in 2021, 37K MT for USD 226.6M. According to experts, the growth in deliveries became possible due to the opening of the Chinese market for Russian exporters. As a result, China increased imports of beef and offal from Russia from 2MT in 2019 to 21.5K MT in 2021 (by USD 149.2M). Thus, China's share in Russian exports amounted to 58.1% in physical terms and 65.8% in value terms. The top 5 buyers of Russian beef also included Kazakhstan, Morocco, Saudi Arabia, and Vietnam.
UAE: Beef Lands in the Persian Gulf (Mar 14)
The UAE has become one of the priority distribution centers for European beef, as it is a strategic and logistic point of enormous relevance in the Persian Gulf environment. Currently, production levels in this area are minimal, while consumption skyrockets to more than 150K MT/year, which makes it a country with a large and growing demand for this product. Spain is in the top 30 of the suppliers of this country, with growing figures that reach 300MT in the year 2021, representing an important advance with respect to the demands of Spanish products in previous years. This circumstance is due to the fact that Emirati consumers, connoisseurs of high-quality products and with high purchasing power, increasingly request meat products with excellent flavor, tenderness, and juiciness, as UAE meat provides.
South Korea: Working Together to Form a Reasonable South Korean Beef Price (Mar 14)
The government, Korean beef farmers, distributors, and consumers are drawing attention as they unite for a reasonable Korean beef price. With the participation of a total of 9 institutions and organizations, the 'Win-Win Agreement Ceremony with the Government, Hanwoo Farmers, Distributors, and Consumers' was held. They signed an agreement promising mutual cooperation and communication regarding the establishment of a reasonable Korean beef consumption culture and the establishment of a transparent distribution collaboration system. In January, the wholesale price of Korean beef was USD 12.17/kg (15,904 won), a 16.5% drop from the same period last year. Business difficulties are deepening. In fact, the consumer public service network conducted a consumer price survey by grade and part of Korean beef at a total of 82 stores (40 large retailers and 42 meat stores) in Seoul and Gyeonggi from January 11 to 20 last year. Compared to the same period last year, the average consumer price of Korean beef sirloin fell only 16.4% and 8.7%, respectively, at hypermarkets and meat stores.
Ukraine: Ukrainian Lamb and Beef Will Be Exported to Saudi Arabia (Mar 17)
Soon, Ukrainian meat producers will be able to sell beef and lamb to the Kingdom of Saudi Arabia. Currently, the procedure for the approval of the bilateral form of the veterinary certificate is ongoing between the countries. This is reported by the State Production and Consumer Service. It is noted that on March 13, an online meeting was held with representatives of the Saudi Food and Drug Administration (SFDA), where they discussed the possibilities of eliminating technical obstacles to expanding the export of food products from Ukraine, namely beef and lamb.
Egypt: Butchers Division Clarifies the Prices of Meat Imported From Chad (Mar 13)
Haitham Abdel Basset, deputy head of the butchers' division at the Chamber of Commerce in Cairo, said that meat imported from Chad will soon be offered, explaining that the rumors circulating about such meat are incorrect. Abdel Basset added that calves will be brought in from Chad, and then they will be fed with Egyptian fodder for 45 days so that the meat tastes like municipal meat and is suitable for the taste of citizens. The deputy head of the butchers' division revealed that the price of meat imported from Chad will range from USD 4.85 to USD 5.17/kg (150 to 160 pounds), which will be less than the municipal counterpart, which starts from USD 6.46 (200 pounds), which works to balance the market and reduce the price of local meat.
China: Price for Uruguayan Beef in the Chinese Market During W11 (Mar 17)
Chinese beef import market remained active in W11, although without any shock in values despite the temporary closure of Brazilian exports. Demand was stable but importers were tougher in negotiations. The market forecast is that Brazil will return at the end of March or April. The exchange rate has not been in favor of exports to China in recent weeks. Business from Uruguay for shin & shank stood at USD 6.8-6.9K/MT, while a chuck & blade closed at USD 5K/MT CFR, and the eye round decreased USD 100 WoW to around USD 6.8K/MT. Knuckle, flat, and inside cap-off were sold at USD 6K/MT, trimmings 80 VL at USD 3.6-3.65K/MT, and forequarter 90 VL at USD 4.5K/MT, all CFR.