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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
New Zealand’s sheep industry continues to surprise with historically high lamb prices. According to Farmers Weekly, AFFCO offered contracts of up to NZ$ 12.20/kg for lambs delivered in September, the highest level ever recorded and about NZ$ 2/kg above last winter. At the current exchange rate, NZ$ 12.20 is equivalent to approximately US$ 7.14/kg.
May 25, 2026
Australian feedlots marketed a record 1.05 million head in the March quarter, up 11% from the previous quarter, underscoring the growing importance of lot feeding in the country’s beef supply chain.
May 25, 2026
Australia produced a record 730,077 tons of beef in the first quarter of 2026, up 8% year-on-year, marking the strongest start to a year on record for the country’s beef sector.
Last update 05/18/2026
Latest
New Zealand’s sheep industry continues to surprise with historically high lamb prices. According to Farmers Weekly, AFFCO offered contracts of up to NZ$ 12.20/kg for lambs delivered in September, the highest level ever recorded and about NZ$ 2/kg above last winter. At the current exchange rate, NZ$ 12.20 is equivalent to approximately US$ 7.14/kg.
Australian feedlots marketed a record 1.05 million head in the March quarter, up 11% from the previous quarter, underscoring the growing importance of lot feeding in the country’s beef supply chain.
Australia produced a record 730,077 tons of beef in the first quarter of 2026, up 8% year-on-year, marking the strongest start to a year on record for the country’s beef sector.
Amid the worst foot-and-mouth disease outbreak seen in South Africa in decades, some producers and technicians have started paying close attention to the different response of local cattle breeds to the disease. Among them, the Nguni breed has stood out for showing greater health resilience and adaptability under extremely challenging conditions.
Compared to the previous market test, US beef import prices were mostly moderately lower, with some instances steady to weak. Trading with Australia and New Zealand remained slow, while South American business was moderate.
US cattle futures came under heavy pressure late last week, dragging cash cattle prices lower as traders reacted to weaker beef prices, softer retail features ahead of Memorial Day and a larger-than-expected USDA cattle on feed report, The AG Center said.
US cattle on feed as of May 1 totaled 11.6 million head, up 2% from a year ago and slightly above market expectations, marking the first year-on-year increase in 18 months, according to the USDA.
The US beef packing industry showed signs of modest deconsolidation in 2025, with smaller plants increasing both in number and market share, while the largest processors lost some ground amid tighter cattle supplies.
US beef production is expected to decline again in 2027, reaching the lowest level since 2016 amid strong herd retention and an increasingly tight supply of slaughter-ready cattle. According to projections published by Beef Magazine, production would fall 0.9% year-on-year to 25.310 billion pounds, following an estimated 1.8% decline in 2026.
Sheep slaughter recorded a slight decline last week, with lower lamb slaughter partially offset by increases in other categories.
The production peak for the 481-quota window is now behind and cattle slaughter dropped by just over 3,600 head, down 8% from the previous week.
INAC reported that 43,554 cattle were processed in the week ending May 23, down 3,620 head (-8%) from the previous week and also 8% below the same week last year.
The Uruguayan delegation led by the Undersecretary of Livestock, Agriculture and Fisheries, Matías Carámbula, advanced in China’s Jilin Province on an agenda focused on animal health, food safety and biotechnology applied to agricultural production.
