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The Global Livestock Report

Leading Weekly Publication in Beef and Sheep Export from Mercosur to the World. Prices, Trends, and Key Analysis for the Livestock and Meat Market

Jun 24, 2026

Report N°1691

China remains pessimistic, although some believe recovery is only a matter of time
Brazilian supply puts pressure on US prices
Hilton market remains supported amid limited trading activity
Female participation in slaughter expected to exceed 50% again in Brazil
Uruguay posts 81% pregnancy rate: “The sector is managing to eliminate the ups and downs”
Argentina’s exports recover in May
China’s beef imports increased 6% in May

See full report 1691

Steer (US$/kg carcass weight)

Last update 06/22/2026

MercosurUS$4.78-2.2%

Brazil Avg.US$4.27-3.4%

UruguayUS$5.580.0%

ArgentinaUS$5.76-1.9%

ParaguayUS$50.0%

AustraliaUS$5.98-0.2%

USAUS$8.970.4%

MercosurUS$4.78-2.2%

Brazil Avg.US$4.27-3.4%

UruguayUS$5.580.0%

ArgentinaUS$5.76-1.9%

ParaguayUS$50.0%

AustraliaUS$5.98-0.2%

USAUS$8.970.4%

MercosurUS$4.78-2.2%

Brazil Avg.US$4.27-3.4%

UruguayUS$5.580.0%

ArgentinaUS$5.76-1.9%

ParaguayUS$50.0%

AustraliaUS$5.98-0.2%

USAUS$8.970.4%

MercosurUS$4.78-2.2%

Brazil Avg.US$4.27-3.4%

UruguayUS$5.580.0%

ArgentinaUS$5.76-1.9%

ParaguayUS$50.0%

AustraliaUS$5.98-0.2%

USAUS$8.970.4%

MercosurUS$4.78-2.2%

Brazil Avg.US$4.27-3.4%

UruguayUS$5.580.0%

ArgentinaUS$5.76-1.9%

ParaguayUS$50.0%

AustraliaUS$5.98-0.2%

USAUS$8.970.4%

MercosurUS$4.78-2.2%

Brazil Avg.US$4.27-3.4%

UruguayUS$5.580.0%

ArgentinaUS$5.76-1.9%

ParaguayUS$50.0%

AustraliaUS$5.98-0.2%

USAUS$8.970.4%

MercosurUS$4.78-2.2%

Brazil Avg.US$4.27-3.4%

UruguayUS$5.580.0%

ArgentinaUS$5.76-1.9%

ParaguayUS$50.0%

AustraliaUS$5.98-0.2%

USAUS$8.970.4%

MercosurUS$4.78-2.2%

Brazil Avg.US$4.27-3.4%

UruguayUS$5.580.0%

ArgentinaUS$5.76-1.9%

ParaguayUS$50.0%

AustraliaUS$5.98-0.2%

USAUS$8.970.4%

MercosurUS$4.78-2.2%

Brazil Avg.US$4.27-3.4%

UruguayUS$5.580.0%

ArgentinaUS$5.76-1.9%

ParaguayUS$50.0%

AustraliaUS$5.98-0.2%

USAUS$8.970.4%

MercosurUS$4.78-2.2%

Brazil Avg.US$4.27-3.4%

UruguayUS$5.580.0%

ArgentinaUS$5.76-1.9%

ParaguayUS$50.0%

AustraliaUS$5.98-0.2%

USAUS$8.970.4%

MercosurUS$4.78-2.2%

Brazil Avg.US$4.27-3.4%

UruguayUS$5.580.0%

ArgentinaUS$5.76-1.9%

ParaguayUS$50.0%

AustraliaUS$5.98-0.2%

USAUS$8.970.4%

MercosurUS$4.78-2.2%

Brazil Avg.US$4.27-3.4%

UruguayUS$5.580.0%

ArgentinaUS$5.76-1.9%

ParaguayUS$50.0%

AustraliaUS$5.98-0.2%

USAUS$8.970.4%

Latest

Latest News

See all news

Asia

China rejected 350 tonnes of beef imports in May

Chinese customs blocked the entry of 350 tonnes of beef in May, with nearly half of that volume originating from Mongolia.

Jun 23, 2026

Argentina

Offals reach their highest value on record

Exports of beef offals and prepared beef products totaled 8,807 tonnes in May, generating US$ 23.5 million in revenue. The average export price reached US$/t 2,672, up 1.9% from April and 47.6% higher than in May 2025, marking the highest level on record.

Jun 23, 2026

Argentina

US and Israel post the strongest growth in 2026

The United States, Argentina’s second-largest beef market, and Israel, which competes with Europe for third place, recorded the strongest growth among major destinations in 2026.

Jun 23, 2026

Argentina

China buys more bones, less boneless beef and sets another price record

Exports to China totaled 20,493 tonnes of frozen boneless beef in May, valued at US$ 124.2 million. This represented an increase of 35.7% from April but was still 17.3% below the volume shipped in May last year. The average export price, which had already surpassed the previous record of US$/t 5,900 set in May 2022, reached a new all-time high of US$/t 6,060 in May 2026.

Jun 23, 2026

Uruguay - Markets

Feedlots are the main driver of fed cattle prices

Although the situation is not uniform across processing plants, a significant portion of Uruguay’s beef industry is currently covering a large share of its cattle requirements with animals coming from company-owned and third-party feedlots, many of which had not yet been priced. “Today, feedlot cattle are the main driver of price formation,” a market operator told WBR.

Jun 23, 2026

Uruguay

81% pregnancy rate: “The sector is managing to eliminate the ups and downs”

The 24th Beef Cattle Pregnancy Diagnosis Evaluation Workshop confirmed an average pregnancy rate of 81.1% across more than 300,000 breeding females evaluated. Technical specialists concluded that differences in results are increasingly driven by management practices rather than weather conditions.

Jun 23, 2026

FOB Mercosur - Markets

Mercosur Steer Index weakens again

Prices for slaughter cattle across the region returned to a downward trend during the past week. The World Beef Report (WBR) Mercosur Steer Index lost 11 cents to US$ 4.78/kg carcass weight, its lowest level since late March.

Jun 23, 2026

FOB Mercosur

Chile trading steadily with active Brazilian participation

The Chilean market continues to show moderate activity, with business concentrated mainly around Brazilian supply, while Paraguay continues to face difficulties obtaining the prices sought by its industry.

Jun 23, 2026

FOB Mercosur

Russia remains an option for Brazil

Russia continues to provide an alternative outlet for some Brazilian exporters seeking to place volumes displaced from China.

Jun 23, 2026

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