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The Global Livestock Report

Leading Weekly Publication in Beef and Sheep Export from Mercosur to the World. Prices, Trends, and Key Analysis for the Livestock and Meat Market

Uncertainty returns to dominate the Chinese market
Brazilian beef exports to China at one-year lows
In Uruguay, three plants could account for around one-third of the Chinese quota
US: most of import growth comes from South America
481 quota exceeds quarterly volume by more than 2,000 tons
Australian exports to China reach highest levels since December 2019
Ignacio Iriarte, director of Informe Ganadero - “In 2026 the cattle cycle in Argentina will reverse, but from a very weak starting point”

See full report 1680

Steer (US$/kg carcass weight)

Last update 7/4/2026

MercosurUS$4.870.8%

Brazil Avg.US$4.422.3%

UruguayUS$5.31.9%

ArgentinaUS$6.1-2.1%

ParaguayUS$4.55-1.1%

AustraliaUS$5.07-8.8%

USAUS$8.483.4%

MercosurUS$4.870.8%

Brazil Avg.US$4.422.3%

UruguayUS$5.31.9%

ArgentinaUS$6.1-2.1%

ParaguayUS$4.55-1.1%

AustraliaUS$5.07-8.8%

USAUS$8.483.4%

MercosurUS$4.870.8%

Brazil Avg.US$4.422.3%

UruguayUS$5.31.9%

ArgentinaUS$6.1-2.1%

ParaguayUS$4.55-1.1%

AustraliaUS$5.07-8.8%

USAUS$8.483.4%

MercosurUS$4.870.8%

Brazil Avg.US$4.422.3%

UruguayUS$5.31.9%

ArgentinaUS$6.1-2.1%

ParaguayUS$4.55-1.1%

AustraliaUS$5.07-8.8%

USAUS$8.483.4%

MercosurUS$4.870.8%

Brazil Avg.US$4.422.3%

UruguayUS$5.31.9%

ArgentinaUS$6.1-2.1%

ParaguayUS$4.55-1.1%

AustraliaUS$5.07-8.8%

USAUS$8.483.4%

MercosurUS$4.870.8%

Brazil Avg.US$4.422.3%

UruguayUS$5.31.9%

ArgentinaUS$6.1-2.1%

ParaguayUS$4.55-1.1%

AustraliaUS$5.07-8.8%

USAUS$8.483.4%

MercosurUS$4.870.8%

Brazil Avg.US$4.422.3%

UruguayUS$5.31.9%

ArgentinaUS$6.1-2.1%

ParaguayUS$4.55-1.1%

AustraliaUS$5.07-8.8%

USAUS$8.483.4%

MercosurUS$4.870.8%

Brazil Avg.US$4.422.3%

UruguayUS$5.31.9%

ArgentinaUS$6.1-2.1%

ParaguayUS$4.55-1.1%

AustraliaUS$5.07-8.8%

USAUS$8.483.4%

MercosurUS$4.870.8%

Brazil Avg.US$4.422.3%

UruguayUS$5.31.9%

ArgentinaUS$6.1-2.1%

ParaguayUS$4.55-1.1%

AustraliaUS$5.07-8.8%

USAUS$8.483.4%

MercosurUS$4.870.8%

Brazil Avg.US$4.422.3%

UruguayUS$5.31.9%

ArgentinaUS$6.1-2.1%

ParaguayUS$4.55-1.1%

AustraliaUS$5.07-8.8%

USAUS$8.483.4%

MercosurUS$4.870.8%

Brazil Avg.US$4.422.3%

UruguayUS$5.31.9%

ArgentinaUS$6.1-2.1%

ParaguayUS$4.55-1.1%

AustraliaUS$5.07-8.8%

USAUS$8.483.4%

MercosurUS$4.870.8%

Brazil Avg.US$4.422.3%

UruguayUS$5.31.9%

ArgentinaUS$6.1-2.1%

ParaguayUS$4.55-1.1%

AustraliaUS$5.07-8.8%

USAUS$8.483.4%

Latest News

Interview

Ignacio Iriarte, director of Informe Ganadero

“In 2026 the cattle cycle will reverse, but from a very weak starting point”

Were you surprised by the 2025 cattle inventory data?

Livestock balance indicators had long suggested that the herd would come in just below 51 million head, which is what it ultimately showed. What does surprise me is that, despite the very high heifer slaughter last year, the stock of that category remained unchanged.

4/7/2026

North America

US: most of import growth comes from South America

In the year to March 28, the United States imported 716,361 tons of beef, up 12% from the same period in 2025, with increases from all major suppliers, but particularly from South America.

4/7/2026

Paraguay - Markets

Industry maintains pressure to lower prices

Most meatpacking plants are holding last week’s listed prices at US$ 4.50 per kg for standard males and US$ 4.20–4.25 per kg for fat cows.

4/7/2026

Argentina - Markets

Export steer prices declined again

Amid calmer conditions and ongoing uncertainty in international beef markets, export steer prices declined by around Ar$ 100 per kg carcass weight. British-breed crosses, which offer better meat quality, fell to a range of Ar$ 7,900–8,100 per kg carcass weight, while zebu crosses declined to Ar$ 7,800–7,900 per kg carcass weight.

4/7/2026

Argentina

Very limited Hilton quota remaining for 2025/26

According to Customs data, as of March 31, 25,962 tons of the EU Hilton quota for the 2025/26 cycle had been executed, leaving only 3,426 tons available for the final quarter of the agricultural year.

4/7/2026

Argentina

Calf-to-cow ratio stable, but there are half a million fewer females than in 2024

Between the end of 2024 and the end of 2025, the breeding herd (cows and heifers) declined by 516,000 head (1.8%), mainly driven by the cow category. According to the report, “this behavior was expected, given the level of female slaughter recorded in 2025,” although the decline was smaller than in the previous two years, when it averaged 850,000 head annually. Still, the 21.5 million cows in inventory represent the lowest level in 15 years.

4/7/2026

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