Meat prices hit record highs in 2025 despite record global production

Global meat production reached 387 million tons in 2025 (+2.5% year-on-year), driven by high slaughter levels, lower feed costs and firm demand, according to the FAO. Growth was led by poultry (+3.7%), followed by pork (+2.7%), while beef showed only marginal growth (+0.7%) and sheep meat declined by 0.8%.

Despite the increase in supply, prices moved higher. The FAO Meat Price Index averaged 123.3 points (+5.2%), reaching record highs in September. Beef and sheep meat led the gains, rising 12% and 26%, respectively, the last due to lower production in Oceania.

In contrast, pork prices fell 2.4% due to excess supply in Europe and trade measures in China, while poultry prices declined 1.4%.

Globally, trade increased 3.4% to 43.4 million tons, with beef leading the expansion (+7%).

For 2026, a moderation in the market is expected, with lower supply of beef and sheep meat due to herd rebuilding, along with risks linked to geopolitical tensions, logistics costs and sanitary issues.