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Middle Eastern markets remain open for Australian red meat, but the regional conflict has created major logistical challenges and higher freight, insurance and energy costs, rather than a structural collapse in demand.
May 11, 2026
The FAO Meat Price Index averaged 129.4 points in April, up 1.6 points (1.2%) from March and 7.8 points (6.4%) above the level recorded a year earlier. As a result, the index reached a new all-time high.
May 11, 2026
Compared to the last market test, import prices were mostly slightly lower. Trading for Australia/New Zealand product remained slow, while South American trade ranged from slow to moderate.
Last update 05/04/2026
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Middle Eastern markets remain open for Australian red meat, but the regional conflict has created major logistical challenges and higher freight, insurance and energy costs, rather than a structural collapse in demand.
The FAO Meat Price Index averaged 129.4 points in April, up 1.6 points (1.2%) from March and 7.8 points (6.4%) above the level recorded a year earlier. As a result, the index reached a new all-time high.
Compared to the last market test, import prices were mostly slightly lower. Trading for Australia/New Zealand product remained slow, while South American trade ranged from slow to moderate.
Fed cattle prices continued to move higher last week, with sales in Texas and Kansas ranging from US$/cwt 256 to 258. In the north, most live transactions were reported between US$/cwt 258 and 260, while dressed sales ranged from US$/cwt 400 to 405, according to The AG Center.
The US Department of Justice and USDA have intensified their antitrust investigation into the country’s largest beef packers, following last week’s joint announcement in Washington signaling tougher scrutiny of market concentration in the cattle and beef sectors.
While total US beef exports declined 11% year-on-year in March, beef variety meats stood out with a strong performance, posting a 24% increase in volume compared to the same month last year, according to the US Meat Export Federation. Muscle cut exports were 68,669 tons for US$ 709 million.
Mexico suspended pork imports from the United States after the US Department of Agriculture (USDA) confirmed the detection of antibodies for the pseudorabies virus, or Aujeszky’s disease, at a commercial operation located in Hardin County, Iowa.
Beef production fell 4.2% in the first quarter of 2026 to 48,255 tons, according to the Ferias y Mataderos bulletin from the National Statistics Institute (INE). Cattle slaughter totaled 180,548 head, down 6.6% year-on-year.
As in the case of cattle, sheep slaughter also increased last week. INAC reported that 6,371 sheep were processed, 60% more than the revised figure from the previous week, which was close to 4 thousand head.
