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The Type Steer 2.0 value increased by US$ 6 in September, or 0.3%, to US$ 2,123 per head, INAC reported. This was the second consecutive record for the indicator, which estimates the average sales value of all products obtained from a 520-kg liveweight beef-breed steer or crossbred animal with a 54% dressing percentage.
The US Department of Agriculture (USDA) lowered its 2026 beef production forecast by 75 million pounds, or around 34,000 tons, to just over 24.8 billion pounds. It also revised its 2027 projection downward to the lowest volume since 2015.
Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, plans to launch its first cattle and hog futures contracts on December 7, subject to regulatory review, Reuters reported.
Last update 10/12/2026
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The Type Steer 2.0 value increased by US$ 6 in September, or 0.3%, to US$ 2,123 per head, INAC reported. This was the second consecutive record for the indicator, which estimates the average sales value of all products obtained from a 520-kg liveweight beef-breed steer or crossbred animal with a 54% dressing percentage.
The US Department of Agriculture (USDA) lowered its 2026 beef production forecast by 75 million pounds, or around 34,000 tons, to just over 24.8 billion pounds. It also revised its 2027 projection downward to the lowest volume since 2015.
Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, plans to launch its first cattle and hog futures contracts on December 7, subject to regulatory review, Reuters reported.
Brazil's meatpacking industry has submitted a proposal to the government to distribute the 2027 beef export quota to China among eligible companies, using a mechanism similar to the one applied to administer the European Union's Hilton quota, based on export history.
The extraordinary beef import quota introduced by the United States was an unforeseen factor that helped drive up finished male cattle prices in Brazil, according to Paulo Mustefaga, executive president of the Brazilian Meatpackers Association (Abrafrigo).
Uruguayan chilled beef exports to China by road through Chilean ports on the Pacific Ocean began to resume in late August this year.
A group of 68 US lawmakers signed a letter calling for measures to protect domestic sheepmeat producers, more than twice the number that supported a similar initiative late last year, Farmers Weekly reported.
The Philippines has approved the veterinary health certificates agreed upon with Colombia for beef and pork exports, according to Colombia's Ministry of Agriculture.
Likely reflecting both the reduced availability and higher cost of imported beef, wholesale beef prices in China have risen at a faster pace in recent weeks, reaching their highest levels since early 2024.
As expected, the decline in imported beef stocks held in cold storage in China accelerated from September. Brazil and Australia have already filled their quotas for this year, causing arrivals from both origins to contract sharply.
Beef export volumes have declined significantly since late July, partly due to weaker demand after China’s 2026 quota was filled and partly because of lower production.
The revised Mercosur steer price index exceeded US$ 5.00/kg carcass weight for the first time on record, driven mainly by the rapidly strengthening Brazilian market, where the consolidation of the herd rebuilding phase is reducing finished cattle supplies. Prices also increased in the other three countries in the region.
