Argentinean Cattle Slaughter Exports Up29 November 2013
ARGENTINA - Argentinean cattle slaughter during October reached the highest monthly volume since December 2009, totalling 1.2 million head according to Meat and Livestock Australia.
This underpins the increase over the January-October period, which is up 12 per cent year-on-year, at 10.6 million head (CICCRA).
Despite the high level of domestic consumption (93 per cent of total production), beef shipments also rose, driven by a weak Argentinean Peso and strong demand from Chile, Russia and China.
The rise in cattle slaughter during October was boosted by an increase in female slaughter, which accounted for 43 per cent of total adult slaughter.
Consequently, beef production for the January-October period totalled 2.38 million tonnes cwe, an 11 per cent year-on-year increase.
The recent lack of slaughter ready cattle helped steer prices during October to increase 5 per cent on the previous month, with steer (420-440 kg) averaging 307US¢/kg cwe.
The weak Argentinean peso during the January-September period (down 15 per cent year-on-year, averaging 18US¢) helped beef shipments to rise after three consecutive years of decline. Exports for the period increased 16 per cent year-on-year, totalling 104,147 tonnes swt, with Chilean imports up 22 per cent, to 23,967 tonnes swt, Russia up 32 per cent, to 9,832 tonnes swt and significant increase to China, from 35 tonnes swt in 2012, to 6,853 tonnes in 2013.
TheMeatSite News Desk