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Full AccessLeading Weekly Publication in Beef and Sheep Export from Mercosur to the World. Prices, Trends, and Key Analysis for the Livestock and Meat Market
Last update 07/27/2026
Latest
The Brazilian government is considering turning to the World Trade Organization (WTO) to challenge the European Union’s decision to remove the country from the list of approved suppliers of meat and meat products as of September 3.
Mercosur has failed to reach an agreement on the allocation of the quota in force between May and December this year, while the deadline to decide the 2027 distribution expires at the end of September, amid the worst diplomatic crisis between Argentina and Brazil in decades.
Australian live cattle exports totaled 265,659 head in the first half of 2026, down 29% from the 375,466 head shipped in the same period last year, Beef Central reported.
China's Ministry of Commerce confirmed that Brazil consumed 80% of its 2026 beef import safeguard quota as of July 21, equivalent to 884,800 metric tons of its annual 1.106 million metric ton allocation.
Australian beef exports hit South Korea's 2026 safeguard quota of 196,000t on July 22, triggering an immediate out-of-quota tariff of 24% for the remainder of the year, up from the current 5.3%.
Meat & Livestock Australia (MLA) confirmed that Australian beef remains exempt from the new 12.5% tariff the US Government announced on all Australian exports, maintaining the 0% arrangement established in November 2025. Sheepmeat and goatmeat, however, will be subject to the new measures, creating additional challenges for exporters and buyers in Australia's largest red meat export market.
Compared to the last market test, US beef import prices for Australian and New Zealand beef were mostly steady, while South American prices moved sharply higher on limited trading activity. Overall trade ranged from very slow to slow.
Market participants are expected to assess the implications of developments over the weekend, with geopolitical events adding fresh uncertainty to commodity markets. The AG Center reported that a pause in the conflict in the Middle East pushed oil and grain prices sharply lower in overnight trading, while packers showed renewed buying interest by bidding US$/cwt 231 for cattle on Saturday.
The USDA’s announcement that live cattle imports from Mexico will partially resume as of August 24 is unlikely to alter the balance of the US market in the short term, although it could help temper bullish price expectations, a trader told WBR.
