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Increased Argentine supply has begun to pressure beef prices in Europe, while China is showing caution ahead of Brazil’s return to the market in 2027, Sirsil commercial manager Marcelo Muttoni told WBR during SIAL Paris.
Brazilian beef exports continue to run at below 10,000 tons per day. The Foreign Trade Secretariat (Secex) reported that 107,835 tons were shipped during the first 11 working days of October.
The seasonal decline in demand during the second half of the month has eased upward pressure on cattle prices since the beginning of this week.
Last update 10/12/2026
Latest
Increased Argentine supply has begun to pressure beef prices in Europe, while China is showing caution ahead of Brazil’s return to the market in 2027, Sirsil commercial manager Marcelo Muttoni told WBR during SIAL Paris.
Brazilian beef exports continue to run at below 10,000 tons per day. The Foreign Trade Secretariat (Secex) reported that 107,835 tons were shipped during the first 11 working days of October.
The seasonal decline in demand during the second half of the month has eased upward pressure on cattle prices since the beginning of this week.
A total of 16,178 sheep were slaughtered in the week ended October 17, up 63.3% week on week. This was the highest weekly total since the final week of February.
Meatpacking activity accelerated in the week ended October 17, consolidating the recovery in processing levels following the return of several plants over the past two weeks.
Paraguayan beef attracted interest at SIAL Paris, although high prices are making it difficult to close deals, Frigorífico Los Lazos director Diego Chagra told WBR. Los Lazos was the only Paraguayan meatpacker with its own stand at the trade show.
US beef import prices were mostly moderately lower, according to the USDA report. Trading activity was light.
Last week cash prices broke the flat trend line of the past month and moved higher. Cattle owners will attempt to continue the trend line higher but will have little packer help, according to The AG Center report. Processors lost some ground on margins last week as input cost rose and box prices fell.
China’s domestic beef production declined by 0.7% year on year in the first nine months of 2026, according to data released on Monday, October 19, by the National Bureau of Statistics. The contraction contrasted with growth in the production of the main competing meats: pork output increased by 3.2% and poultry by 9.3%.
MBRF’s CEO for Uruguay warned that high beef prices and tighter global supply will pose challenges next year. Speaking at SIAL Paris, he analyzed the opportunities opening up for Uruguay as a result of the restrictions affecting Brazil in Europe and China.
China imported 143,000 tons of beef in September, down 31% from 208,000 tons in August and 54.6% from the same month in 2025, when imports reached 316,000 tons, according to preliminary GACC data.
The Uruguayan Aberdeen Angus Breeders’ Society is participating again in SIAL Paris, aiming to promote its beef certification program and establish new business contacts.
