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Australia’s beef industry still lacks clarity on whether China will allow product to accumulate in bonded cold storage during the final months of 2026 and be cleared for import after January 1, 2027, when the annual import quota resets (209,000 tons).
Jun 19, 2026
Australia has officially filled its annual 205,000-ton beef quota for China, meaning that all additional exports will be subject to a 55% safeguard tariff from June 20 onward.
Jun 18, 2026
After stagnating in April (-0.3%), China imported approximately 207,000 tons of beef in May, valued at US$ 1.338 billion, representing a year-on-year increase of 6.4% in volume, according to GACC data released by OIG+X.
Last update 06/15/2026
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Australia’s beef industry still lacks clarity on whether China will allow product to accumulate in bonded cold storage during the final months of 2026 and be cleared for import after January 1, 2027, when the annual import quota resets (209,000 tons).
Australia has officially filled its annual 205,000-ton beef quota for China, meaning that all additional exports will be subject to a 55% safeguard tariff from June 20 onward.
After stagnating in April (-0.3%), China imported approximately 207,000 tons of beef in May, valued at US$ 1.338 billion, representing a year-on-year increase of 6.4% in volume, according to GACC data released by OIG+X.
Export steer prices regained part of the ground lost in recent weeks, particularly in transactions involving slightly longer payment terms. British-breed cross steers, which are considered the highest-quality animals for beef production, moved into a range of AR$/kg 7,800-8,000 carcass, while zebu-cross steers widened the price gap and traded between AR$/kg 7,500-7,800 carcass.
Feedlot utilization increased to 76.8% in May, up 7.1 percentage points from the same month last year and marking the highest occupancy rate in the past two and a half years, according to a report from the Argentine Feedlot Chamber (CAF).
Activity in Argentina’s beef packing industry has fallen to its lowest level in ten years, according to a report from the meatpacking chamber CICCRA. During the first five months of 2026, slaughter totaled 4.944 million head, nearly 10% below the same period in 2025 and the lowest January-May figure since 2016, when 4.753 million head were processed.
With 15 days remaining before the deadline for the second quarterly allocation (April-June) of 20,000 tons under the new tariff-rate quota granted by Donald Trump to Argentina for 2026, 97.77% of the volume had already been utilized, according to official US government data.
Slaughter sheep prices continued to strengthen during the second week of June, according to ACG. Lambs averaged US$/kg 6.13 carcass, up 2 cents, wethers reached US$/kg 5.20 carcass, up 4 cents, and ewes averaged US$/kg 5.11 carcass, up 3 cents.
Sheep processing posted its weakest performance of the year. During the second week of June, only 357 head were slaughtered.
