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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
Pablo Domínguez, CEO of ONE Uruguay, discusses the current state of global shipping logistics, the impact of the EU-Mercosur agreement, and the generational change at the helm of the Japanese shipping company.
Jul 6, 2026
Australian beef exports remained at historically high levels in June despite a sharp drop in shipments to China following the activation of the country's safeguard tariff. According to DAFF data, Australia exported 146,798 tonnes of beef last month, just below the all-time monthly record of 152,438 tonnes set in May. First-half exports reached 805,379 tonnes, up an impressive 103,000 tonnes from the same period in 2025.
Jul 6, 2026
The FAO Food Price Index, the benchmark for global food commodity prices, declined slightly in June as lower quotations for cereals, sugar, and dairy products offset higher prices for vegetable oils and meat, according to data released Friday by the Food and Agriculture Organization of the United Nations (FAO).
Last update 06/29/2026
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Pablo Domínguez, CEO of ONE Uruguay, discusses the current state of global shipping logistics, the impact of the EU-Mercosur agreement, and the generational change at the helm of the Japanese shipping company.
Australian beef exports remained at historically high levels in June despite a sharp drop in shipments to China following the activation of the country's safeguard tariff. According to DAFF data, Australia exported 146,798 tonnes of beef last month, just below the all-time monthly record of 152,438 tonnes set in May. First-half exports reached 805,379 tonnes, up an impressive 103,000 tonnes from the same period in 2025.
The FAO Food Price Index, the benchmark for global food commodity prices, declined slightly in June as lower quotations for cereals, sugar, and dairy products offset higher prices for vegetable oils and meat, according to data released Friday by the Food and Agriculture Organization of the United Nations (FAO).
Global beef consumption is projected to increase by 8% between 2026 and 2035, equivalent to about 6 million tons, according to the OECD and FAO's Agricultural Outlook 2026-2035.
Compared to the last market test, US beef import prices were mostly moderately to sharply lower last week.
Cash cattle prices declined for the first time in several weeks, providing some relief to processor margins. According to The AG Center, southern cattle traded mainly at US$/cwt 255 last week, while northern sales were reported at US$/cwt 255–256 live and US$/cwt 403 dressed, representing declines of US$/cwt 3–5 from the previous week.
The Expana Choice boxed beef value fell below its year-ago level for the first time in 2026, signaling softer beef demand despite tight cattle supplies. According to Expana, the benchmark lost the premium it had maintained since the beginning of the year and, as of June 30, was trading at a US$/lb 0.046 discount to the same period in 2025.
Australian beef exports to South Korea have exceeded 90% of the country's annual safeguard quota of 196,000 tonnes, putting Australia on track to trigger a tariff increase from 5.3% to 24% for the remainder of the year, likely by mid-July.
The United States Cattlemen's Association (USCA) has asked US President Donald Trump to impose tariffs and restrictions on all beef products from Brazil, including beef, beef cuts, and offal, without exceptions.
