Beef prices are trending higher in the three main markets

During Minerva’s Q1 2025 results presentation, CFO Edison Ticle said the outlook for beef prices in the United States, China and the European Union is upward.

• United States: “The price scenario is clearly bullish this year,” he said, predicting further increases in Q2 and Q3. Minerva has already used 45 % of the 65 thousand ton duty free quota for third country beef, which was filled by mid January.

• China: Prices “started to rise in March,” a trend that will become more visible in export values over the coming weeks.

• European Union: The market is seeing the fastest price increase because of an acute cattle shortage.