The Global Livestock Report

In September, beef exporters shipped just over 300,000 tons to China, of which 251,000 tons departed from Mercosur ports. This large shipment volume ensures that October will again see high levels of Chinese beef imports.

Sheep slaughter increased once more. INAC reported that 20,521 head were processed in the week ending October 18, 3,428 more (+20%) than the previous week, though 4% below the same week a year earlier.

Cattle slaughter increased again, marking the highest volume since the week ending August 16, nine weeks ago, when the previous 481 grainfed quota production window closed.

INAC reported that 44,156 head were processed in the week ending October 18, over 3,000 more (+8%) than the previous week and just 225 fewer than the same week last year.

The value generated from the sale of all products derived from a Type Steer 2.0 after industrial processing posted a slight monthly increase of 0.1% in September, reaching US$ 1,788 per head, according to data released by INAC.

China's economy grew 4.8% in the third quarter, slightly above estimates, laying a "solid foundation" for achieving the full-year expansion goal of around 5%, informed Bloomberg.

With a sharp decline in U.S. exports, Australia has become the leading supplier of chilled beef to the Chinese market. In September, China imported 7,205 tons of chilled beef, of which 6,489 tons (90%) came from Australia.