Review of the situation on the EU Beef and Veal Market

"Single CMO" Management Committee 23 June 2011

Review of the situation on the EU Beef and Veal Market

DG AGRI, European Commission – 23 June 2011 2

Beef Meat Production - in Heads Source : Newcronos, EUROSTAT

HEADS

Jan-Mar

Estimates for last month of period :

Tot Bov+1,5%

Heifers -1,5%

Veals -0,1%

+6,2%

+1,8% -4,8%

Steers

Cows +5,2%

-0,1%

EU 25

-0,5% +1,8%

EU 15

Bulls +19,0%

-1,0% -0,9%

-0,1%

-7,5% -20,7%

-0,1%

+4,8% +4,7%

+14,4%

-0,1% -0,1%

+0,7% -26,1%

+2,1% +2,1%

+9,1% +3,1%

EU 27

EU 10 EU 2

+1,7%

-8,6%

YBov +13,6% +13,3% +13,8%

-3,2% +51,1%

+12,0%

+0,5%

+4,8%

-3,8%

-8,2%-7,3%

+2,9%+1,0%

+4,3%

-1,3%

+7,0%

-4,7%

-1,8%

+0,6%

-31,0%

+4,2%

-11,5%

+16,5%

-7,5%

+1,4%

-1,9%

+3,9%

-2,5%

+13,2%+11,2%

-3,7%

-11,5%

- 35 %

- 30 %

- 25 %

- 20 %

- 15 %

- 10 %

- 5 %

0%

+ 5 %

+ 10 %

+ 15 %

+ 20 %

BE BG CZ DK DE EE IE GR ES FR IT CY LV LT LU HU MT NL AT PL PT RO SI SK FI SE UK- 35 %

- 30 %

- 25 %

- 20 %

- 15 %

- 10 %

- 5 %

0%

+ 5 %

+ 10 %

+ 15 %

+ 20 %

EU : + 2,1%


Beef Meat Production - in Tons Source : Newcronos, EUROSTAT

TONNES

Jan-Mar

Estimates for last month of period :

EU 2

-0,2%

+18,6% -8,6%

+5,1% +4,8% +4,7%

Steers -0,2% -0,2%

-1,5% -24,3%

EU 25

Bulls +0,8% +2,6% +2,6%

EU 27

EU 10

EU 15

+1,5% -4,8%

Heifers -0,6% -0,3% -0,2%

+4,8% +13,5%

Cows

Veals -0,8% -0,7% -0,8%

+0,7% -35,5%

Tot Bov+2,2% +2,7% +2,7%

+10,0% +2,5%

YBov +16,0% +15,7% +16,1%

-4,9% +58,1%

+13,6%

+1,6%+3,4%

-4,1%

-8,1%

-5,8%

+4,9%

+1,2%

+6,4%

-0,6%

+7,3%

-2,0%-0,7%

-0,0%

-0,4%

-24,7%

+4,9%

-3,3%

+17,4%

-6,2%

-0,1%

-2,1%

+4,9%

-4,0%

+11,0%

+15,3%

-12,5%

- 25 %

- 20 %

- 15 %

- 10 %

- 5 %

0%

+ 5 %

+ 10 %

+ 15 %

+ 20 %

BE BG CZ DK DE EE IE GR ES FR IT CY LV LT LU HU MT NL AT PL PT RO SI SK FI SE UK - 25 %

- 20 %

- 15 %

- 10 %

- 5 %

0%

+ 5 %

+ 10 %

+ 15 %

+ 20 %

EU : + 2,7%



Percentual change in Adult Cattle SlaughterPeriod: Jan - April (EU 27= +2,2%) Year: 2011 / 2010

-25,0%

-12,5%

0,0%

12,5%

BE BG CZ DK DE EE EI EL ES FR IT CY LV LT LU HU MT NL ÖS PL PT RO SI SK SF SE UK EU



1 000 TONS : Jan-Mar 10 / Jan-Mar 11

0

50

100

150

200

250

300

350

400

B E B G C Z D K D E E E I E G R 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

Cows

Steers

Bulls

Heifers

YBov

Calves


Beef/Veal - in Average Carcase Weight Source : Newcronos, EUROSTAT

Avg WEIGHT

Jan-Mar

Estimates ( HD ) for last month of period : Estimates ( TN ) for last month of period :

EU 15 EU 25 EU 27

EU 10 EU 2

Bulls +1,3% +0,8% +0,8%

-0,3% -0,0%

Steers -0,1% -0,1% -0,1%

+6,5% -4,5%

Cows -0,1% -0,0% -0,0%

-0,3% +0,0%

Heifers +0,9% +0,7% +0,7%

-1,3% -0,7%

+0,6%

+0,8% -0,7%

Veals -0,6% -0,6% -0,7%

+0,0% -12,8%

YBov

Tot Bov+0,7% +0,6%

+2,1% +2,1% +2,1%

-1,8% +4,6%

+1,4%+1,1%

-1,3%

-0,3%

+0,1%

+1,6%+2,0%

+0,1%

+2,0%

+0,7%

+3,1%

+1,7%

-1,0%

+0,6%

+9,3%

+0,7%

+1,5%

-1,6%

-0,3%

-1,2%

+1,0%

-1,5%-2,0%

+0,2%

+2,8%+3,6%

+9,2%

- 5 %

0%

+ 5 %

+ 10 %

BE BG CZ DK DE EE IE GR ES FR IT CY LV LT LU HU MT NL AT PL PT RO SI SK FI SE UK - 5 %

0%

+ 5 %

+ 10 %

EU : + 0,6%


Evolution in EU carcass prices (1):Carcasses of adult male bovines (A/C price – €/100 kg cw)

332,96 339,51% change y/y : + 7,7% % change y/y : + 10,3%

149,7%

Price in week 23 : Average price in mai 2011 :

% Ref. Price in wk 23 :

222

242

262

282

302

322

342

362

1 5 9 13 17 21 25 29 33 37 41 45 49 53

€/100 kg cwe

100%

109%

118%

127%

136%

145%

154%

163%

2004-2008 Avg 2009 2010 2011

% of Reference Price


Evolution in EU carcass prices (2):Young bull carcasses (A R3 – €/100 kg cw)



280

300

320

340

360

1 5 9 13 17 21 25 29 33 37 41 45 49 53

2004-2008 Avg 2009 2010 2011


Evolution in EU carcass prices (3):Steer carcasses (C R3 – €/100 kg cw)



280

300

320

340

1 5 9 13 17 21 25 29 33 37 41 45 49 53

2004-2008 Avg 2009 2010 2011


Evolution in EU carcass prices (4):Cow carcasses (D O3 – €/100 kg cw)



210

220

230

240

250

260

270

280

1 5 9 13 17 21 25 29 33 37 41 45 49 53

2004-2008 Avg 2009 2010 2011


Evolution in EU carcass prices (5):Heifer carcasses (E R3 – €/100 kg cw)



300

310

320

330

340

350

1 5 9 13 17 21 25 29 33 37 41 45 49 53

2004-2008 Avg 2009 2010 2011


Evolution in EU prices for live bovines Male store cattle (6-12 months; ≤ 300 kg – €/100 kg live weight)

211,23 219,37% change y/y : - 2,4% % change y/y : - 0,4%


190

200

210

220

230

1 5 9 13 17 21 25 29 33 37 41 45 49 53

2004-2008 Avg 2009 2010 2011


Evolution in EU prices for live bovines (dairy breeds)Male calves aged between 8 days and 4 weeks (€/head)

0

50

100

150

200

250

300

€ / H

ead

0

50

100

150

200

250

300

€ / H

ead

DE - SCHWARZBUNTE DE - BRAUNVIEH ES - TIPO FRISONFR - MALES-ENGRAISSEMENT IE - DAIRY MALE IT - MALES-LAITIERS-VITELLINL - ROODBONT-NUKAS NL - ZWARTBONT-NUKAS UK - DAIRY BULLS

2010 2011


Evolution in EU prices for live bovines (beef breeds)Male calves aged between 8 days and 4 weeks (€/head)

100

200

300

400

500

€ / H

ead

100

200

300

400

500

€ / H

ead

DE - FLECKVIEH DE - KREUZUNGSKALBER ES - TIPO CRUZADO FR - MALES-ELEVAGEIE - BEEF MALE IT - MALES-BOUCHERIE NL - VLEESRAS--NUKAS UK - BEEF BULLS

2010 2011


Evolution in EU prices for live bovines Butcher calves (€/100 kg cw)

350

400

450

500

550

600

650

700

€ / 1

00 k

g ca

rcas

se

350

400

450

500

550

600

650

700

€ / 1

00 k

g ca

rcas

e

BE - VEAUX BLANCS E,U,R FR - VEAUX DE BOUCHERIE IT - CARNE BIANCA NL - VLEESKALF-ROOD & -ZWART

2010 2011


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

0

100

200

300

400

| 2007 | 2008 | 2009 | 2010 | 2011 |

€uro

/ hea

d

0

50

100

150

200

250

300

350

400

450

Remainder Young Bulls A.R 3 Extra gain FC 6-7 Feedcost x*7

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% strawCarcase yield: 0.57


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

0

100

200

300

400

500

| 2007 | 2008 | 2009 | 2010 | 2011 |

€uro

/ hea

d

0

100

200

300

400

500

Remainder Young Bulls A.R 3 Extra gain FC 6-7 Feedcost x*7Feed 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% strawCarcase yield: 0.57


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

Destinations Compared

tonnes % tonnes % tonnes % tonnes % tonnes % to Jan-Apr 10

Turkey 214 0.1% 204 0.1% 571 0.2% 70 370 14.5% 73 404 33.6% +++Russia 87 277 35.2% 102 347 35.1% 50 881 20.4% 135 762 28.0% 46 415 21.2% + 158.1%Sw itzerland 14 457 5.8% 25 968 8.9% 19 072 7.7% 22 340 4.6% 9 294 4.3% + 31.1%Croatia 16 460 6.6% 19 917 6.8% 25 126 10.1% 23 159 4.8% 7 618 3.5% + 28.3%Algeria 1 674 0.7% 1 689 0.6% 6 681 2.7% 16 151 3.3% 7 518 3.4% + 71.2%Lebanon 3 647 1.5% 5 619 1.9% 7 838 3.1% 33 774 7.0% 6 282 2.9% + 46.6%Ivory coast 6 941 2.8% 8 969 3.1% 13 404 5.4% 14 853 3.1% 3 585 1.6% + 4.9%EXTRA EU 25/27 247 722 291 601 249 165 485 166 218 619

% change + 18% - 15% + 95% + 185.0%

2007 2008 2009 Jan-Apr 112010


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

EU EXPORTS of Beef & Veal ( 1000 EUR)

46 297 32 421103 403150 1 427

281 816

5 056 12 890

20 875

12 591 21 701

35 93440 634

80 793 88 625

148 179

193 789 205 521

661 410

0

100 000

200 000

300 000

400 000

500 000

600 000

700 000

J an- Apr 09 J an- Apr 10 J an- Apr 11

1,00

0 EU

R

Russi a Tur key LebanonCr oat i a Al ger i a Swi t zer l andOt her dest i nat i ons

EU EXPORTS of Beef & Veal ( Tonnes cwe)

18 030 17 98146 41569 457

73 404

1 800 4 286

6 282

2 453 4 390

7 5189 294

41 189 46 135

68 089

76 697 86 277

218 619

0

50 000

100 000

150 000

200 000

250 000


Tonn

es c

w

Russi a Tur key LebanonCr oat i a Al ger i a Swi t zer l andOt her dest i nat i ons


EU exports of beef and live animals (3):Licence applications for exports with refunds (tonnes cwe)

Live Fresh Frozen Tinned Total22 886 42 638 18 198 936 84 65825 748 200 364 55 865 0 281 976

%share 9.1% 71.1% 19.8% 100.0%+12.5% +369.9% +207.0% +233.1%

G A T T 2010 - 11

% chg /prev.per

Jul 10 - Jun 11Jul 09 - Jun 10

EVOLUTION IN EXPORT STRUCTURE ( % share - GATT years )

0%

20%

40%

60%

80%

100%

2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 *

Live animals Fresh beef Frozen beef Tinned beef

EVOLUTION PER CATEGORY ( tonnes cw e - GATT years )

0

40 000

80 000

120 000

160 000

Live animals Fresh beef Frozen beef Tinned beef

2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 *

!!! June 2011 not complete


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

OriginsCompared

tonnes % tonnes % tonnes % tonnes % tonnes % to Jan-Apr 10

Brazil 363 839 65.4% 171 454 43.4% 149 007 34.6% 144 791 38.2% 39 831 38.4% - 21.1%Argentina 97 656 17.6% 92 924 23.5% 122 494 28.4% 79 487 21.0% 21 681 20.9% - 31.4%Uruguay 39 544 7.1% 66 402 16.8% 79 144 18.4% 66 156 17.5% 19 380 18.7% - 31.0%USA 2 746 0.5% 6 547 1.7% 9 609 2.2% 15 290 4.0% 6 402 6.2% + 50.4%New Zealand 5 756 1.0% 12 455 3.2% 15 783 3.7% 13 669 3.6% 5 080 4.9% + 2.9%Australia 10 019 1.8% 12 957 3.3% 16 937 3.9% 13 628 3.6% 4 392 4.2% + 30.8%Switzerland 2 855 0.5% 2 919 0.7% 4 394 1.0% 4 450 1.2% 2 036 2.0% + 51.7%Namibia 10 467 1.9% 10 348 2.6% 12 457 2.9% 13 571 3.6% 1 053 1.0% - 72.9%Botswana 13 929 2.5% 10 395 2.6% 11 452 2.7% 15 763 4.2% 980 0.9% - 75.1%Chile 2 844 0.5% 2 550 0.6% 3 158 0.7% 2 441 0.6% 304 0.3% + 37.3%Serbia 2 324 0.4% 1 784 0.5% 990 0.2% 1 127 0.3% 229 0.2% - 33.1%EXTRA EU 25/27556 024 395 063 431 182 378 954 103 707

% change - 29% + 9% - 12% - 23.6%

2007 2008 2009 Jan-Apr 112010


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

I MPORTS of Beef & Veal i nt o EU ( Tonnes cwe)

46 072 50 455 39 831

38 350 31 58721 681

28 487 28 087

19 380

14 410 15 520

11 333

135 676 134 844

103 707

0

20 000

40 000

60 000

80 000

100 000

120 000

140 000

160 000


I nTonnes

cwe

Br azi l Ar gent i na Ur uguayUSA New Zeal and Ot her dest i nat i ons

I MPORTS of Beef & Veal i nt o EU ( 1000 EUR)

135 659 153 512 158 038

177 676 144 597 152 762

102 683 98 524 98 376

53 786 63 34462 166

501 695508 508537 387

0

100 000

200 000

300 000

400 000

500 000

600 000


i n 1000EUR

Br azi l Ar gent i na Ur uguayUSA New Zeal and Ot her dest i nat i ons


452403

446401

436 429 398

491 513 529565

513556

395 431379

104

1 263

1 1711 120

825

1 028

736

598 598

481 455

352292

248292

249

485

219

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 J an-Apr11

I MPORTS EXPORTS

EU trade balance of beef and live animals


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

* EU was the 7th biggest importer of Beef products in 2010

Main Exporters of BEEF* Products (up to April)Un

ited

Stat

es

Unite

d St

ates

Aus

tralia

Aus

tralia

Bra

zil

Bra

zil

New

Zeal

and

Can

ada

Can

ada

Para

guay

Arge

ntin

a (u

p to

Feb

11)

Arge

ntin

a (u

p to

Feb

11)

Chin

a +

H. K

ong

Chin

a +

H. K

ong

EU

EU

New

Zeal

and

Para

guay

Urug

uay

(up

to F

eb 1

1)

.

Urug

uay

(up

to F

eb 1

1)

.

0

100

200

300

400

500

600

700

800

2010 (up to April) 2011 (up to April)

Qty

in 1

000

Tonn

es

No 2011 data for India (587 000 T in 2010)


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

* EU was the 7th biggest importer of Beef products in 2009

Main Importers of BEEF Products (up to April)

Unite

d St

ates

Unite

d St

ates

Chin

a +

H. K

ong

Rus

sia Rus

sia

Japa

n

Mex

ico

(up

to M

ar 1

1)

Sout

h Ko

rea

Sout

h Ko

rea

EU

EUCana

da

Cana

da

Turk

ey

Turk

ey

Chin

a +

H. K

ong

Japa

n

Mex

ico

(up

to M

ar 1

1)

0

50

100

150

200

250

300

350

2010 (up to April) 2011 (up to April)

Qty

in 1

000

Tonn

es


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

100,0

150,0

200,0

250,0

300,0

| year2007

| Year2008

| Year2009

| Year2010

| Year 2011 |

€uro

/ 100k

g

EU Beef A/C R3 AVG Arroba do Boi (6 St) (Pecuària.com.br)Novillos Export (Oncca Argentina) Media Res Novillo (Inac Uruguay)


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

80,00

120,00

160,00

200,00

240,00

280,00

320,00

360,00

| 09 | 10 | 11Steers 550-700lb Omaha (Nebraska) Feeder Steer 600-700lb Oklahoma CityEU Beef C R3 Steers 1050 - 1200lb Okla/ TexCanada: All Steers Australia: All Steers


Evolution in EU prices Categories Global View (€/100 kg cw)

200

250

300

350

2007 2008 2009 2010 2011

A R3

C R3

D O3

E R3

Conclusion

Date post:	20-Feb-2016
Category:	Documents
Upload:	jadyn
View:	33 times
Download:	2 times

Review of the situation on the EU Beef and Veal Market

Documents