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Australian cattle prices rebounded strongly during May after trending lower since mid-March. According to MLA, the turnaround was driven by a combination of tighter supplies and stronger demand from restockers, feedlots and processors.
Jun 8, 2026
The FAO Meat Price Index averaged 129.4 points in May, up 1.2% from April and 6.4% higher than a year earlier, reaching a new all-time high.
Jun 8, 2026
Imported beef prices in the US were slightly to moderately lower during the latest reporting period. Softer demand from both the foodservice and retail sectors continued to weigh on the market, according to the USDA weekly report.
Last update 06/01/2026
Latest
Australian cattle prices rebounded strongly during May after trending lower since mid-March. According to MLA, the turnaround was driven by a combination of tighter supplies and stronger demand from restockers, feedlots and processors.
The FAO Meat Price Index averaged 129.4 points in May, up 1.2% from April and 6.4% higher than a year earlier, reaching a new all-time high.
Imported beef prices in the US were slightly to moderately lower during the latest reporting period. Softer demand from both the foodservice and retail sectors continued to weigh on the market, according to the USDA weekly report.
The confirmation of a second New World screwworm (NWS) case in Texas has created additional challenges for US animal health authorities, who now face the dual task of containing the pest while minimizing disruptions to cattle movements. While the latest detection will expand the restricted zone, market participants are already anticipating broader impacts on cattle transportation both within Texas and across state lines.
Agricultural authorities in Tennessee and Florida have strengthened surveillance and biosecurity measures following the confirmation of New World screwworm (NWS) cases in Texas, aiming to prevent the spread of the parasite into key livestock-producing regions.
USDA has confirmed two additional cases of New World screwworm (NWS) in Texas, raising concerns about the re-emergence of the pest in the United States. The new detections involve a calf in La Salle County and a dog in Andrews County.
Brazil’s intensive cattle sector is heading toward another record in 2026. Preliminary results from the Feedlot Census indicate the country will finish the year with 9.78 million cattle finished in feedlots, up 5.7% from the 9.25 million head recorded in 2025.
The European Union has confirmed the suspension of imports of meat, casings, fish products and honey from Brazil, effective September 3, after concluding that the country has not fully demonstrated compliance with EU requirements regarding the use of antimicrobials in animal production.
What European importers are unable to source from the River Plate region is being offset by higher imports from Brazil.
