BEEF & VEAL MARKET SITUATION

BEEF & VEALMARKET SITUATION

"Single CMO" Management Committee 29 August 2013

2

P R O D U C T I O N P R O D U C T I O N H I S T O R I C

T O N N E S

H I S T O R I C

T O N N E S

0

100

200

300

400

500

600

700

800

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

1.00

0 T

on

ne

s

2 0 1 1 2 0 1 2 2 0 1 3

Beef & Veal Production (E27 Slaughtering) - Tonnes

Source : EStat-Newcronos

3

P R O D U C T I O N P R O D U C T I O N % E V O L U T I O N

T O N N E S

% E V O L U T I O N

T O N N E S

Estimates for last month of period : Source : EStat - Newcronos

TONNESEU 15 EU 27

Jan-May 13/12

-5,2%

-5,1%

-5,9%

-3,3%

Cow

Bullock -3,1%

-5,4%

-6,1%

Meat of bovine

animals-3,8%-4,1%

+2,7% +3,0%Young cattle

Calve

-5,5%

Heifer

Bull -2,8%

-3,0%-7

,2%

+26,

1%-1

,8%

+2,4

%-6

,7%

+5,3

%+5

,3%

-8,0

%-0

,0%

-5,4

%-1

1,4%

+26,

3%+1

,3% +3

,4%

-8,7

%-2

,0%

+9,7

%+2

,3%

+3,6

%-1

,4%

-12,

3%+1

6,7%

-5,4

%-0

,4%

-0,1

%+3

,3%

-3,5

%

- 20 %

- 10 %

0%

+ 10 %

+ 20 %

+ 30 %

- 20 %

- 10 %

0%

+ 10 %

+ 20 %

+ 30 %

BE BG CZ DK DE EE IE EL ES FR IT CY LV LT LU HU MT NL AT PL PT RO SI SK FI SE UK

EU : - 3,8%

4

P R O D U C T I O N P R O D U C T I O N E.U. E V O L U T I O N

T O N N E S

E.U. E V O L U T I O N

T O N N E S

0

100

200

300

400

500

600

B E B G C Z D K D E E E I E E L E S F R I T C Y L V L T L U H U M T N L A T P L P T R O S I S K F I S E U K

Cow

Bullock

Bull

Heifer

Youngcattle

Calves

Source : EStat Newcronos 1000 TONNES : Jan-May 12 / Jan-May 13

5


All CAT GLOBAL VIEW


All CAT GLOBAL VIEW

P R I C E S C A R C A S S E S P R I C E S C A R C A S S E S

200

250

300

350

400

450

2007 2008 2009 2010 2011 2012 2013

A R3

C R3

D O3

E R3

Source : Member StatesLast Update : Week 33 - 2013

6



Y O U N G B U L L – A.R3


Y O U N G B U L L – A.R3

372,05 372,45% change y/y : - 4,4% % change y/y : - 1,2%

Price in week 33 : Average price in July 2013 :

300

320

340

360

380

400

420

300

320

340

360

380

400

420


2006-2010 Avg 2011 2012 2013

Source : Member States A - R 3 > Wk.33-2013

7


S T E E R – C.R3


S T E E R – C.R3


423,22 436,18% change y/y : + 4,1% % change y/y : + 6,7%


280

300

320

340

360

380

400

420

440

460

280

300

320

340

360

380

400

420

440

460


2006-2010 Avg 2011 2012 2013

Source : Member States C - R 3 > Wk.33-2013

8


A / C . R3


A / C . R3


383,42 385,42% change y/y : - 2,6% % change y/y : + 0,5%

172,4%% Ref. Price in wk 33 :


289,1

311,4

333,6

355,8

378,1

400,3

422,6

130%

140%

150%

160%

170%

180%

190%


€/100 kg cwe

2006-2010 Avg 2011 2012 2013

% of Reference Price

Source : Member States AC - R 3 > Wk.33-2013

9


C O W – D.O3


C O W – D.O3


315,65 325,99% change y/y : - 3,3% % change y/y : + 1,7%


210

230

250

270

290

310

330

350

210

230

250

270

290

310

330

350


2006-2010 Avg 2011 2012 2013

Source : Member States D - O 3 > Wk.33-2013

10


H E I F E R – E.R3


H E I F E R – E.R3




300

320

340

360

380

400

420

440

300

320

340

360

380

400

420

440


2006-2010 Avg 2011 2012 2013

Source : Member States E - R 3 > Wk.33-2013

11

Male store cattle (6-12 months; ≤ 300 kg – €/100 kg live weight)


MALE STORE CATTLE


MALE STORE CATTLE

P R I C E S L I V E B O V I N E S P R I C E S L I V E B O V I N E S



200

210

220

230

240

250

260

270

200

210

220

230

240

250

260

270


2006-2010 Avg 2011 2012 2013

Source : Member BROUT > Wk.33-2013

12

Male calves aged between 8 days and 4 weeks (€/head)



Male Calves – 8D4W


Male Calves – 8D4W



160

180

200

220

240

260

280

160

180

200

220

240

260

280


2006-2010 Avg 2011 2012 2013

Source : Member 8D4W > Wk.33-2013

13

Butcher calves (€/100 kg cw)



Butcher Calves


Butcher Calves



460

480

500

520

540

560

580

600

460

480

500

520

540

560

580


2006-2010 Avg 2011 2012 2013

Source : Member BOUCH > Wk.33-2013

14

M A R G I N M A R G I N E.U. E V O L U T I O N

Animal + Feed Purchase COST



0

50

100

150

200

250

300

350

400

450

0

100

200

300

400

| 2009 | 2010 | 2011 | 2012 | 2013 |

€u

ro/

he

ad

Remainder of: Selling price AR 3,minus purchased calf plus feedcost for grain fattening

Remainder Young Bulls A.R 3 Extra gain of FCR between 7- 6 Feedcost x*7 average remainder incl. extra gain

Feed conversion rate: (FCR) 7 or 6 kg feed = 1kg live weight.Feed ration: 40% compound feed (energy + proteine), 15% barley, 15% maize, 20% wheat, 10% straw Carcase yield: 0.57

15

M A R G I N M A R G I N E.U. E V O L U T I O N




0

100

200

300

400

500

0

100

200

300

400

500

| 2009 | 2010 | 2011 | 2012 | 2013 |

€u

ro/

he

ad

Remainder of: Selling price AR 3,minus purchased calf plus feedcost for grain/ grass fattening.

Remainder Young Bulls A.R 3 Extra gain of FCR between 7- 6 Feedcost x*7 average remainder incl. extra gain

Feed conversion rate: (FCR) 7 or 6 kg feed = 1kg live weight.Feed ration: 62,7% fodder (silage maize), 18,6% grains (maize + wheat, 13,3% soja cake, 5,3% straw Carcase yield: 0.57

16

EU exports of beef and live animals (1):Trade figures (COMEXT – tonnes cwe)

DestinationsDestinations

T R A D E T R A D E E.U. E X P O R T S

Beef & Live Animals

E.U. E X P O R T S

Beef & Live Animals

2009 2010 Compared

tonnes % tonnes % tonnes % tonnes % tonnes % to Jan-Jun 12

Russia 50 881 20.4% 135 991 27.9% 138 910 21.8% 98 433 19.0% 32 494 15.3% - 26.1%

Algeria 6 681 2.7% 16 259 3.3% 17 970 2.8% 17 324 3.3% 11 812 5.6% + 70.9%

Switzerland 19 072 7.7% 22 352 4.6% 26 432 4.2% 19 570 3.8% 12 594 5.9% + 39.0%

Lebanon 7 838 3.1% 33 815 6.9% 23 275 3.7% 24 100 4.6% 13 959 6.6% + 40.8%

Turkey 571 0.2% 71 029 14.6% 166 753 26.2% 100 742 19.4% 3 740 1.8% - 93.4%

Other Destinations 138 995 55.8% 184 016 37.8% 238 154 37.4% 236 730 45.6% 120 440 56.6% + 14.1%

EXTRA EU 249 165 486 621 636 480 518 880 212 612

% change + 95% + 31% - 18% - 13.7%

2011 Jan-Jun 132012

17

EU exports of beef and live animals:Trade figures (COMEXT)

386 646

233 671

154 574

122 740

85 178

292 401

318 207

369 883

949 259

776 196

633 986

0

100 000

200 000

300 000

400 000

500 000

600 000

700 000

800 000

900 000

1 000 000

Jan-Jun 11 Jan-Jun 12 Jan-Jun 13

1,0

00 E

UR

EU EXPORTS of Beef & Veal (1000 EUR)

Turkey Russia GhanaLebanon Hong Kong AlgeriaOther destinations

99 77856 944

65 773

43 982

32 494

106 618

105 567

120 440

315 100

246 415

212 612

0

50 000

100 000

150 000

200 000

250 000

300 000

350 000


Tonnes c

w

EU EXPORTS of Beef & Veal (Tonnes cwe)

Turkey Russia Ghana

Lebanon Hong Kong Algeria

Other destinations


Beef & Live Animals

E.U. E X P O R T S

Beef & Live Animals

18

0

10 000

20 000

30 000

40 000

50 000

60 000

70 000

80 000

|Jan06

2006 |Jan07

2007 |Jan08

2008 |Jan09

2009 |Jan10

2010 |Jan11

2011 |Jan12

2012 |Jan13

in Tonnes cwe

EU-28 Exports of BEEF products

LIVE ANIMALS FRESH FROZEN PREPARED OTHERS


B e e f P r o d u c t s

E.U. E X P O R T S


19

EU beef Exports to TURKEYTrade figures (COMEXT data) tonnes cwe


B e e f t o T U R K E Y

E.U. E X P O R T S

B e e f t o T U R K E Y

0

5 000

10 000

15 000

20 000

25 000

30 000

35 000

40 000

Ja

n 1

0

Feb

10

Ma

r 1

0

Ap

r 10

Ma

y 1

0

Ju

n 1

0

Ju

l 1

0

Au

g 1

0

Se

p 1

0

Oct

10

No

v 1

0

De

c 1

0

Ja

n 1

1

Feb

11

Ma

r 1

1

Ap

r 11

Ma

y 1

1

Ju

n 1

1

Ju

l 1

1

Au

g 1

1

Se

p 1

1

Oct

11

No

v 1

1

De

c 1

1

Ja

n 1

2

Feb

12

Ma

r 1

2

Ap

r 12

Ma

y 1

2

Ju

n 1

2

Ju

l 1

2

Au

g 1

2

Se

p 1

2

Oct

12

No

v 1

2

De

c 1

2

Ja

n 1

3

Feb

13

Ma

r 1

3

Ap

r 13

Ma

y 1

3

Ju

n 1

3

Fresh Bovine "Compensated" quarters

Fresh Bovine (un)-separated Forequarters

Fresh Bovine (un)-separated Hindquarters

Frozen Bovine "Compensated" quarters

Live Animals

TOTAL

20

EU beef Exports to RUSSIATrade figures (COMEXT data) tonnes cwe


B e e f t o R U S S I A

E.U. E X P O R T S

B e e f t o R U S S I A

0

2 000

4 000

6 000

8 000

10 000

12 000

14 000

16 000

18 000

20 000

22 000

24 000

Jan 1

0

Fe

b 1

0

Ma

r 10

Ap

r 1

0

Ma

y 1

0

Jun 1

0

Jul 1

0

Au

g 1

0

Se

p 1

0

Oct 1

0

No

v 1

0

De

c 1

0

Jan 1

1

Fe

b 1

1

Ma

r 11

Ap

r 1

1

Ma

y 1

1

Jun 1

1

Jul 1

1

Au

g 1

1

Se

p 1

1

Oct 1

1

No

v 1

1

De

c 1

1

Jan 1

2

Fe

b 1

2

Ma

r 12

Ap

r 1

2

Ma

y 1

2

Jun 1

2

Jul 1

2

Au

g 1

2

Se

p 1

2

Oct 1

2

No

v 1

2

De

c 1

2

Jan 1

3

Fe

b 1

3

Ma

r 13

Ap

r 1

3

Ma

y 1

3

Jun 1

3

Live animals

Fresh Bovine meat

Frozen Bovine meat

Beef Offals

TOTAL

21


L i v e A n i m a l s

E.U. E X P O R T S

L i v e A n i m a l s

2 0

14

.

3 1

12

.

2 2

59

.

2 6

99

.

2 7

60

.

2 0

61

.

2 9

52

.

3 3

99

.

3 8

34

.

2 7

99

.

2 9

89

.

2 6

11

.

6 5

52

. 9

62

8

.

7 0

75

.

7 5

77

.

5 5

54

.

2 3

89

.

3 3

80

.

4 4

16

.

8 0

26

. 11

06

8

.

7 2

63

.

6 5

03

.

5 5

60

.

2 6

29

.

4 6

37

.

2 1

52

.

86

8

.

97

4

.

59

6

.

38

8

.

20

4

.

41

4

.

2 1

11

.

2 5

11

.

3 5

65

.

6 2

85

.

4 1

34

.

3 9

38

.

3 7

38

.

2 6

56

.

2 1

73

.

1 9

29

.

3 3

48

.

3 9

79

.

3 2

59

.

2 1

96

.

1 9

95

.

2 4

41

.

5 1

61

.

4 1

73

.

1 7

47

.

2 7

57

.

1 3

44

.

1 9

92

.

2 0

71

.

1 1

74

.

3 0

94

.

3 2

07

.

2 3

05

.

1 6

27

.

2 3

75

.

2 5

62

.

3 1

11

.

3 2

37

.

3 3

42

.

2 0

66

.

2 0

26

.

3 3

72

.

2 7

44

.

3 6

60

.

2 6

00

.

4 1

25

.

2 0

99

.

1 9

69

.

3 1

90

.

3 3

73

.

4 7

52

.

4 0

73

.

4 4

49

.

3 9

54

.

4 8

85

.

5 9

68

.

4 6

29

.

3 8

96

.

3 7

65

.

3 5

70

.

3 3

71

.

3 2

57

. 3 8

89

.

3 7

51

.

4 3

40

.

4 3

06

.

5 2

89

.

6 9

55

.

5 8

84

.

6 4

95

.

4 0

68

.

3 1

79

.

5 7

38

.

4 3

35

.

3 9

36

.

4 0

98

.

5 2

02

.

3 8

92

.

3 9

50

.

4 3

88

.

4 6

18

.

5 9

69

.

3 8

22

.

4 0

01

.

4 8

67

.

6 7

15

.

5 7

01

.

4 2

56

.

0

5 000

10 000

15 000

20 000

25 000

Jan

09

Mar

09

May 0

9

Jul 09

Sep

09

Nov 0

9

Jan

10

Mar

10

May 1

0

Jul 10

Sep

10

Nov 1

0

Jan

11

Mar

11

May 1

1

Jul 11

Sep

11

Nov 1

1

Jan

12

Mar

12

May 1

2

Jul 12

Sep

12

Nov 1

2

Jan

13

Mar

13

May 1

3

To

nn

es C

WE

.

EU-28 Exports of LIVE Bovine Animals(Source COMEXT -Tonnes cwe)

Turkey Algeria Lebanon Other

22

EU imports of beef and live animals (1):Trade figures (COMEXT – tonnes cwe)

OriginsOrigins

T R A D E T R A D E E.U. I M P O R T S

Beef & Live Animals

E.U. I M P O R T S

Beef & Live Animals

2009 2010 Compared

tonnes % tonnes % tonnes % tonnes % tonnes % to Jan-Jun 12

Brazil 149 007 34.6% 144 858 38.2% 125 872 38.9% 126 227 41.2% 71 369 42.6% + 19.5%

Argentina 122 494 28.4% 79 532 21.0% 62 704 19.4% 51 601 16.8% 24 730 14.8% - 11.3%

Uruguay 79 144 18.4% 66 189 17.5% 51 449 15.9% 51 786 16.9% 30 241 18.0% + 3.7%

USA 9 609 2.2% 15 308 4.0% 22 954 7.1% 20 776 6.8% 10 435 6.2% + 7.0%

Australia 16 937 3.9% 13 627 3.6% 18 081 5.6% 21 135 6.9% 12 198 7.3% + 18.3%

New Zealand 15 783 3.7% 13 671 3.6% 15 427 4.8% 15 161 4.9% 9 169 5.5% + 1.4%

Namibia 12 457 2.9% 13 571 3.6% 9 005 2.8% 8 720 2.8% 4 894 2.9% + 7.8%

Switzerland 4 394 1.0% 4 461 1.2% 5 661 1.7% 4 964 1.6% 2 044 1.2% - 4.3%

Chile 3 158 0.7% 2 441 0.6% 2 254 0.7% 1 710 0.6% 413 0.2% - 49.1%

Serbia 990 0.2% 1 127 0.3% 785 0.2% 639 0.2% 316 0.2% - 15.7%

Botswana 11 452 2.7% 15 763 4.2% 980 0.3% 474 0.2% 1 002 0.6%

EXTRA EU 431 182 379 145 323 654 306 675 167 631

% change - 12% - 15% - 5% + 8.4%

2011 Jan-Jun 132012

23

EU imports of beef and live animals (2):Trade figures (COMEXT)


Beef & Live Animals

E.U. I M P O R T S

Beef & Live Animals

61 842 59 74171 369

35 08127 892

24 730

31 71129 158

30 241

20 72817 748

18 658

167 103154 599

167 631

0

20 000

40 000

60 000

80 000

100 000

120 000

140 000

160 000

180 000


InTonnes

cwe

IMPORTS of Beef & Veal into EU (Tonnes cwe)

Brazil Argentina Uruguay Australia USA Other origins

254 436 271 806 288 135

248 121 223 067 200 184

162 503 152 268 155 017

43 375 54 105 66 511

111 746 97 056 91 110

880 958 873 083 878 727

0

100 000

200 000

300 000

400 000

500 000

600 000

700 000

800 000

900 000

1 000 000


in 1000EUR

IMPORTS of Beef & Veal into EU (1000 EUR)

Brazil Argentina Uruguay Australia USA Other origins

24



E.U. I M P O R T S


0

10 000

20 000

30 000

40 000

50 000

60 000

|Jan06

2006 |Jan07

2007 |Jan08

2008 |Jan09

2009 |Jan10

2010 |Jan11

2011 |Jan12

2012 |Jan13

in Tonnes cwe

EU-28 Imports of BEEF products

FRESH FROZEN PREPARED OTHERS

25

452403

446401

436 429398

491 513 529565

513556

395431

379323

228

1 263

1 1711 120

825

1 028

736

598 598

481455

352

292248

292249

485

635

392

0

200

400

600

800

1 000

1 200

1 400

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Jan-Sep12

1000 Tonne

IMPORTS EXPORTS

Trade balance on beef and live animals

T R A D E T R A D E E.U. T R A D E B A L A N C E

Beef & Live Animals

E.U. T R A D E B A L A N C E

Beef & Live Animals

452403

446401

436 429398

491 513 529565

513556

395431

379324 307

168

1 263

1 1711 120

825

1 028

736

598 598

481455

352292

248292

249

487

636

519

213

0

200

400

600

800

1 000

1 200

1 400

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Jan-Jun13

1000 Tonne

IMPORTS EXPORTS

26

W O R L DB E E F M A R K E TW O R L DB E E F M A R K E T

E.U. I M P O R T S

BEEF MAIN IMPORTERS

E.U. I M P O R T S

BEEF MAIN IMPORTERS

Source : GTA * Excluding live animals (0102), fats, preparations of several types of meat (0209, 0210 99 and 1602 90)

Un

ited

Sta

tes

Un

ited

Sta

tes

Au

str

ali

a

Au

str

ali

a

Bra

zil

Bra

zil

Ind

ia (u

p t

o M

ay)

Ind

ia (u

p t

o M

ay)

New

Zeala

nd

New

Zeala

nd

Can

ad

a

Can

ad

a

EU

EU

Uru

gu

ay (

up

to

Ap

r)

Uru

gu

ay (

up

to

Ap

r)

Arg

en

tin

a

Arg

en

tin

a

Para

gu

ay

Para

gu

ay

Mexi

co

(u

p t

o M

ay)

Mexi

co

(u

p t

o M

ay)

0

100

200

300

400

500

600

700

800

900

1 000

2012 (up to June) 2013 (up to June)

Qty in 1000 Tonnes

Main Exporters of BEEF Products (up to June)

* Excluding live animals (0102), fats, preparationsof several types of meat (0209, 0210 99 and 1602 90)

27


E.U. E X P O R T S

BEEF MAIN EXPORTERS

E.U. E X P O R T S

BEEF MAIN EXPORTERS

Source : GTA * Excluding live animals (0102), fats, preparations of several types of meat (0209, 0210 99 and 1602 90)

0

Un

ited

Sta

tes

Un

ited

Sta

tes

Ch

ina +

H.

Ko

ng

Ch

ina +

H.

Ko

ng

Ru

ssia

Ru

ssia

Jap

an

Jap

an

Mexi

co

(u

p t

o M

ay)

Mexi

co

(u

p t

o M

ay)

So

uth

Ko

rea

So

uth

Ko

rea

EU

EU

Can

ad

a

Can

ad

a

Ch

ile

Ch

ile

0

100

200

300

400

500

600

700

2012 (up to June) 2013 (up to June)

Qty in 1000 Tonnes

Main Importers of BEEF Products (up to June)

No 2103 figures available for : Mexico, Taiwan, Chile, ...

* Excluding live animals (0102), fats, preparations of several types of meat (0209, 0210 99 and 1602 90)

28


STEER PRICES

US & EU

STEER PRICES

US & EU

100,0

150,0

200,0

250,0

300,0

350,0

400,0

450,0

| 10 | 11 | 12 | 13 |

weekly US & EU Steer prices in €uro/100kg carcase

Steers 550-700lb Omaha (Nebraska) Feeder Steer 600-700lb Oklahoma CityEU Beef C R3 Steers 1050 - 1200lb Okla/ TexCanada: All Steers (agr,gc,ca) Australia: All SteersNew Zeal. Avg steers T2 NI & SI

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100

150

200

250

300

350

400

| Year2009

| Year2010

| Year 2011 | Year2012

| Year 2013 |

€uro

/ 10

0kg

Market prices for Adult Male Bovine in Brazil (Pecuaria.com.br), Argentina (Oncca),

Argentina (abc-consrt),Uruguay (Inac) and EU

EU Beef A/C R3 AVG Arroba do Boi (6 St) (Pecuària.com.br)

Novillos Export (Oncca Argentina) Media Res Novillo (Inac Uruguay)

(abc-consort) Argentina Novillo


ADULT MALE BOVINE PRICES

Brazil Argentina Uruguay EU

ADULT MALE BOVINE PRICES

Brazil Argentina Uruguay EU

BEEF & VEAL MARKET SITUATION

Documents

Transcript of BEEF & VEAL MARKET SITUATION