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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
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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$/cwt 231 for cattle on Saturday.
The USDA’s announcement that live cattle imports from Mexico will partially resume as of August 24 is unlikely to alter the balance of the US market in the short term, although it could help temper bullish price expectations, a trader told WBR.
The Paraguayan cattle market regained strength over the past week, with limited supply and short bookings at virtually all plants.
A trader told World Beef Report (WBR) that the market is “firm”, with current list prices at US$ 5.00–5.05/kg for regular males and heifers. Bonuses of 3% to 5% lift “regular business” to US$ 5.15–5.20/kg, a nominal record high for the country.
Although some references showed increases of Ar$ 50 per kilo, most business remained at the previous week’s levels.
Although President Javier Milei made no new announcement on lower export taxes, his speech at the closing of the Palermo Rural Exhibition was well received by an audience made up mainly of breeders and livestock producers, who are currently enjoying good profitability after several difficult years.
