Frozen Boneless Beef insights

According to a report by the Argentine website "infobae.com" on the 7th, from January to September, Argentine beef was exported to 48 markets around the world. Among them, the total amount of beef exported to the United States (+46%) increased the most, followed by Chile (+21%), Israel (+11%), the European Union (+7%) and China (+4%). Mexico ranked sixth, followed by Brazil, Russia, Canada and Malaysia. The amount of beef exported to these 10 markets accounted for 99% of Argentina's total beef exports. In terms of beef type, 16% of Argentina's exported beef products are refrigerated beef, and the rest are bone-in and boneless frozen beef. It is worth mentioning that last year, there were 31 export markets for Argentine refrigerated beef, and only one has been added so far this year; while the export markets for frozen beef have increased from 31 to 44. In the first nine months, Argentina slaughtered 10.22 million beef cattle. Excluding the atypical last year, the slaughter of beef cattle was higher than the average level of 9.9 million from 2017 to 2022; among them, the production of bone-in beef was 2.336 million tons, which was also higher than the average level of 2.252 million tons from 2017 to 2022. 70% of the beef products produced in Argentina are consumed in the domestic market, and the rest are supplied to the export market. However, against the background of record-breaking export volumes, the consumption of beef in the domestic market in Argentina is declining. According to data released by the Argentine Meat and By-products Chamber of Commerce and Industry (Ciccra), from January to September, the annual per capita beef consumption was 46.8 kilograms, a decrease of 12.3% from the same period last year.

Faxcarne | Uruguay exported 28,559 tons of fresh beef in October at an average value of US$/t 6,330, according to Customs data based on export requests. The volume increased by 2.6 thousand tons compared to what was shipped in September, while the average value increased a solid 6.7% monthly and reached the highest level since September 2022, more than two years ago. The volume included 3,191 tons of chilled meat and 25,368 tons of frozen meat, of which 4,404 tons were shipped with bone and 20,964 tons boneless. The main destination for boneless frozen meat was once again the United States, which has predominated within this segment almost without interruption since May. 8,850 tons were shipped to the USA at an average value of US$ 6,101/t and 6,805 tons to China at an average of US$ 5,031/t. In turn, the 4,364 tons of frozen bone-in exported to China averaged US$ 3,572 per ton. Exports are already actively working towards the quota

(NAP) Foreign sales of beef accumulated a volume of 699,987 tons in the period January-September 2024, equivalent to bone-in carcasses for 2.122 billion dollars, which represents the highest record in the last 57 years, reported the Secretariat of Agriculture, Livestock and Fisheries of the Ministry of Economy of the Nation. The data also reflect that, of the 48 export markets, considering the European Union as one, the increase in shipments to the United States stands out 46%; Chile 21%; Israel 11%; EU 7% and China 4%. In addition, a new market such as Mexico is positioned in the ranking, which already occupies sixth place, followed by China, Brazil, Russia, Canada and Malaysia. These 10 markets accumulated 99% of shipments in volume. On the side of exported products, 16% were chilled cuts and the rest frozen cuts with and without bone. In 2023, chilled cuts were exported to 31 destinations and so far this year only one was added, while sales