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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 09/28/2026
Latest
China authorized two additional Brazilian beef plants to export to the country: Supremo Carnes in Carlos Chagas, Minas Gerais, and Masterboi in Canhotinho, Pernambuco. With these additions, Brazil now has 69 establishments approved to supply beef to the Chinese market.
The governments of Japan and Argentina reached an agreement on Wednesday, September 30, on the sanitary conditions for imports of beef and beef products from northern Argentina, Japan’s Ministry of Agriculture, Forestry and Fisheries reported.
The weakness of the Brazilian currency pushed down the regional average finished cattle price. The WBR Mercosur Steer Index fell 3 cents over the week to US$ 4.84 per kg carcass weight.
Two Chilean importers agreed that the market remains firm, although prices vary widely and some levels have yet to be accepted.
A regional trader noted that Uruguayan processors offered more sheepmeat for sale over the past week.
An Argentine trader described the U.S. market as “extremely depressed,” with very limited activity, while China is currently attracting greater interest among exporters. For Argentina, the exhaustion of its quota, combined with low prices, has virtually ruled out new business with the United States.
Some European importers are beginning to resist paying more than US$ 23,000 per ton for Argentine Hilton rump & loin cut sets.
Deals from Argentina were reported at US$ 22,500-22,800 per ton FOB over the past week, indicating that the rally of recent weeks may have reached a ceiling despite relatively limited supplies. Uruguayan product is quoted at around US$ 22,000 per ton FOB.
Chinese beef demand moderated over the past week, with importers pointing to lower wholesale beef prices and showing reluctance to accept exporters’ offers for product arriving both this year and next.
Weaker domestic beef demand in the final days of the month was insufficient to reverse the upward trend in finished cattle prices.
However, the weakness of the Brazilian real prevented this improvement from being reflected in U.S. dollar terms. The Brazilian currency lost almost 2% against the U.S. dollar, partly due to the strengthening of the latter and partly because of expectations of a cut in Brazil’s Selic interest rate. The presidential election next Sunday is adding uncertainty, with all polls showing a virtual tie between President Lula and opposition candidate Flavio Bolsonaro.
