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Brazil’s proposal to exchange Uruguay’s beef quota in China for Brazil’s share of the Mercosur quota with the European Union drew a critical response from Uruguay’s meatpacking industry. Two industry sources consulted by WBR questioned both the logic behind the swap and the practical feasibility of the operation.
Jul 24, 2026
The court-appointed receiver in the Conexión Ganadera insolvency proceedings, Alfredo Ciavattone, recommended accepting a US$ 2.1 million offer to acquire the Bamidal meatpacking plant, which belonged to Gustavo Basso and is currently being liquidated.
Jul 22, 2026
The rush to secure a share of Brazil’s reduced quota for this year led to a sharp acceleration in imports from that origin and caused Brazilian beef to represent a high proportion of China’s arrivals in June.
Last update 07/20/2026
Latest
Brazil’s proposal to exchange Uruguay’s beef quota in China for Brazil’s share of the Mercosur quota with the European Union drew a critical response from Uruguay’s meatpacking industry. Two industry sources consulted by WBR questioned both the logic behind the swap and the practical feasibility of the operation.
The court-appointed receiver in the Conexión Ganadera insolvency proceedings, Alfredo Ciavattone, recommended accepting a US$ 2.1 million offer to acquire the Bamidal meatpacking plant, which belonged to Gustavo Basso and is currently being liquidated.
The rush to secure a share of Brazil’s reduced quota for this year led to a sharp acceleration in imports from that origin and caused Brazilian beef to represent a high proportion of China’s arrivals in June.
China rejected 34,021 kg of imported beef in June, the lowest monthly volume so far in 2026 and sharply below the 286,122 kg recorded in May, according to OIG+X information based on GACC data.
Paraguay’s export finished cattle market remains firm after attempts by some meatpacking plants to lower prices failed to gain acceptance among producers.
The reduced availability of finished cattle and growing competition among processors supports market references and generating new business above the base price.
Export steer prices increased, although the industry said the rise was driven less by market fundamentals than by several days of rainfall and the influence of the Palermo Rural Exhibition, the region’s largest livestock show.
Exports of chilled cuts to Germany in particular and to the European Union as a whole fell significantly in both volume and average value, partly due to the closure of the quarterly 481 quota window.
In June, Argentina shipped 2,155 tons of chilled kosher beef and 2,654 tons of frozen beef to Israel, making it the third-largest destination for Argentine beef.
Beef exports to the United States reached a record of close to 12,400 tons in June, consolidating the country as Argentina’s second-largest destination. This came despite contrasting trends between chilled beef shipments, which were the lowest of the year, and frozen beef shipments, which reached their highest level.
