Overview
- Domestic beef consumption rose 4.4% year over year in October, reaching an annualized 49.1 kilograms per capita, according to CICCRA.
- Retail beef prices accelerated 2.6% month over month and 47.3% year over year in October, with the steepest annual increases in cuadril, asado and nalga.
- Beef production held broadly steady at 2.635 million tonnes carcass weight in January–October, with October output up 2.3% from September but down 4.9% from a year earlier.
- Exports totaled 588,800 tonnes and US$3.155 billion in January–October, with volumes down 8.5% but value up 26.3% as October’s average export price reached US$5,806 per tonne, 44.8% higher than a year earlier.
- China accounted for 72.8% of October export volumes and about 70% year to date, while Europe’s chilled boneless shipments rose 12.3% from September and U.S. flows showed signs of normalizing with higher chilled prices.