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The trade agreement between Mercosur and the European Free Trade Association (EFTA) entered into force on November 1 for Uruguay’s trade with Norway and Iceland. In Norway, it also took effect for Brazil, while implementation for Argentina and Paraguay remains pending. Preferences for Switzerland and Liechtenstein are not yet operational.
Chinese notifications concerning Brazilian beef shipments doubled between 2025 and 2026, fluazuron accounts for two-thirds of detections, and an episode of cross-contamination led to the cancellation of a 69,000-ton soybean shipment.
Ahead of INAC’s participation in the 65th Annual Conference of the Meat Importers Council of America (MICA), to be held in Scottsdale, Arizona, a delegation from the institute is visiting Florida to assess Uruguayan beef’s positioning in the US market.
Last update 10/26/2026
Latest
The trade agreement between Mercosur and the European Free Trade Association (EFTA) entered into force on November 1 for Uruguay’s trade with Norway and Iceland. In Norway, it also took effect for Brazil, while implementation for Argentina and Paraguay remains pending. Preferences for Switzerland and Liechtenstein are not yet operational.
Chinese notifications concerning Brazilian beef shipments doubled between 2025 and 2026, fluazuron accounts for two-thirds of detections, and an episode of cross-contamination led to the cancellation of a 69,000-ton soybean shipment.
Ahead of INAC’s participation in the 65th Annual Conference of the Meat Importers Council of America (MICA), to be held in Scottsdale, Arizona, a delegation from the institute is visiting Florida to assess Uruguayan beef’s positioning in the US market.
Uruguayan beef offal exports totaled 6,297 tons in October, down 11.6% year-on-year. However, a 24.6% increase in average value to US$ 2,284/t lifted revenue by 10.1% to US$ 14.4 million.
Uruguay exported 3,301 tons of beef to the European Union in October, down 15% year-on-year. However, a 16.2% increase in average value to US$ 15,174/t limited the revenue decline to 1.2%, with earnings of US$ 50.1 million. The bloc accounted for 13.9% of export volume but 23.9% of revenue.
The United States was the leading destination for Uruguayan beef in October, narrowly overtaking China. It purchased 8,743 tons of chilled and frozen beef, compared with China’s 8,691 tons. Together, the two markets accounted for 73.3% of the month’s export volume.
The average export value of Uruguayan beef reached its highest level of 2026 in October, at US$ 8,810/t, almost 7% above September and 24.7% higher than a year earlier. The increase kept revenue virtually unchanged despite a significant contraction in volume.
Rising finished cattle prices in Brazil are improving the relationship between feeder cattle purchase costs and revenue from finished cattle sales, making feedlot finishing more attractive.
The United States confirmed its first case of New World screwworm in Arizona, making it the third state with detections in the current outbreak, after Texas and New Mexico. The finding comes as the country continues gradually reopening border crossings to Mexican cattle.
Australian chilled beef remains on Chinese retail shelves despite the 55% safeguard tariff imposed after the country’s quota was exhausted. Retailers such as Costco and Sam’s Club continue to offer the product, supported by consumers willing to pay a premium for its Australian origin.
Shares in Minerva Foods and MBRF fell sharply on the São Paulo stock exchange following the surprise reelection of Luiz Inácio Lula da Silva, amid a broad sell-off of Brazilian assets and a depreciation of the real.
The United States is moving ahead with the gradual reopening of its border to Mexican cattle, adding two crossings to Douglas and Santa Teresa, which have already reopened.
