; EU beef and veal market A brief overview and some statistical data
Documents
Resources
Learning Center
Upload
Plans & pricing Sign in
Sign Out

EU beef and veal market A brief overview and some statistical data

VIEWS: 3 PAGES: 26

  • pg 1
									Review of the situation on the
  EU Beef and Veal Market
 "Single CMO" Management Committee
           20 January 2011
                   Percentual change in Adult Cattle Slaughter
               Period: Jan - November            Year: 2010 / 2009




12,5%




 0,0%




-12,5%




-25,0%
         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

          DG AGRI, European Commission – 20 January 2011                                    7
                                              Change in Adult Cattle Slaughter
                                                        (Bulls, Bullocks, Cows & Heifers)
                                                         Jan. - Nov. 2009 / 2010



          1000,000
                                                                                                  Heifers
                                                                                                  Cows
                                                                                                  Bullocks &Bulls
           800,000




           600,000
in Tonn




           400,000




           200,000




             0,000
                     BE   BG   CZ   DK   DE   EE   EI   EL   ES   FR   IT   CY   LV   LT   LU   HU M T   NL   ÖS   PL   PT   RO   SI   SK   SF   SE   UK


                     DG AGRI, European Commission – 20 January 2011                                                                                   8
                                                    Change in Veal Slaughter
                                                          (Calves & Young Cattle)
                                           Period: Jan - November           Year:2009 & 2010



                    200,000


                    175,000


                    150,000                                                                Young Cattle
Slaughter in Tonn




                                                                                           Calves
                    125,000


                    100,000


                     75,000


                     50,000


                     25,000


                      0,000
                              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


                         DG AGRI, European Commission – 20 January 2011                                              9
          EU exports of beef and live animals (1):
          Trade figures (COMEXT – tonnes cwe)


                         2006              2007              2008              2009           Jan-Nov 10        Compared
   Destinations
                     tonnes     %      tonnes     %      tonnes     %      tonnes     %      tonnes     %      to Jan-Nov 09
Russia                145 383 45.6%      87 277 35.2%     102 347 35.1%      50 881 20.4%     122 636 29.3%     + 161.4%
Turkey                   974    0.3%       214    0.1%       204    0.1%       571    0.2%     41 785 10.0%        +++
Lebanon                 4 823   1.5%      3 647   1.5%      5 619   1.9%      7 838   3.1%     31 070   7.4%       +++
Croatia                18 907   5.9%     16 460   6.6%     19 917   6.8%     25 126 10.1%      21 188   5.1%      - 9.2%
Sw itzerland           10 162   3.2%     14 457   5.8%     25 968   8.9%     19 072   7.7%     21 009   5.0%     + 17.2%
Algeria                 9 467   3.0%      1 674   0.7%      1 689   0.6%      6 681   2.7%     15 201   3.6%    + 143.2%
Ivory coast             4 938   1.5%      6 941   2.8%      8 969   3.1%     13 404   5.4%     13 041   3.1%     + 7.6%
Angola                  8 628   2.7%     11 087   4.5%      7 775   2.7%      7 483   3.0%      4 961   1.2%     - 28.2%
Nigeria                  172    0.1%     16 174   6.5%      2 265   0.8%       166    0.1%       101    0.0%     - 39.0%
EXTRA EU 25/27 318 927                 247 722           291 601           249 165           418 054
% change                                 - 22%             + 18%             - 15%           + 84.2%




              DG AGRI, European Commission – 20 January 2011                                                             10
           EU exports of beef and live animals (2):
           Trade figures (COMEXT)

    EU EXPORTS of Beef & Veal                                          EU EXPORTS of Beef & Veal (1000
           (Tonnes cwe)                                                              EUR)
                                                                                                                 1 200 000
                                   418 054     450 000
                                                                                                    1 045 110
                                               400 000
                                                                                                                 1 000 000
                                               350 000                                               331 165
                                   165 166
    269 825                                    300 000                                                           800 000




                                                         cw




                                                                                                                                1,000 EUR
                      226 985                  250 000                 596 949                       86 262
                                    21 009                                              559 521
                                    15 201                                                           64 008      600 000

                                                         Tonnes
    123 654                                    200 000
                                    31 070                             233 704
                      124 911                                                           243 270      97 566
                                    41 785     150 000                                                           400 000
     1 359                                                                                           144 010
     51988
       27                                      100 000                  5 418
                       6 251                                                            29 737
                                                                          3 66
                                                                        13 37 3                                  200 000
                       74228       122 636
     96 735               17                   50 000                                    1 408
                                                                                        21 128       247 250
                                                                       195 097
                       46 907                                                           118 097
                                               0                                                                 0
   Jan-Nov 08        Jan-Nov 09   Jan-Nov 10                          Jan-Nov 08       Jan-Nov 09   Jan-Nov 10

Russia                 Turkey            Lebanon                  Russia                Turkey             Lebanon
Croatia                Algeria           Switzerland              Croatia               Algeria            Switzerland
Other destinations                                                Other destinations


                DG AGRI, European Commission – 20 January 2011                                                             11
                         Exports of BEEF products
                                                                                 80 000

                                                                                 70 000

                                                                                 60 000

                                                                                 50 000




                                                                                          in Tonnes cwe
                                                                                 40 000

                                                                                 30 000

                                                                                 20 000

                                                                                 10 000

                                                                                 0
  |       2006     |      2007      |     2008     |     2009     |
Jan06            Jan07            Jan08          Jan09          Jan10
          LIVE ANIMALS           FRESH      FROZEN        PREPARED      OTHERS


        DG AGRI, European Commission – 20 January 2011                                                    12
                         EU exports of beef and live animals (3):
                         Licence applications for exports with refunds (tonnes cwe)
                                                                          Live       Fresh   Frozen                      Tinned
                                                                                                           Offals                        Total
                                                                       animals        beef     beef                         beef
                                      Jul 09 - Dec 09                     9.253     20.385     4.949              0           936        35.523

                                      Jul 10 - Dec 10                  17.113 103.814        38.075               0                0 159.002
                                                  %share                 10,8%      65,3%      23,9%           0,0%        0,0%       100,0%
                                          % chg /prev.per               +84,9%    +409,3%    +669,3%                    -100,0%      +347,6%


                         Evolution per category (tonnes cwe)                                                     Evolution in export structure (% share)
                                                                                              100%
100000
                                                                                               80%
 80000

                                                                                               60%
 60000

                                                                                               40%
 40000


 20000                                                                                         20%


    0                                                                                          0%
         Live anim als   Fresh beef    Frozen beef             Offal         Tinned beef               2004/05     2005/06     2006/07     2007/08     2008/09      2009/10   2010/11

   2004/05     2005/06     2006/07    2007/08        2008/09           2009/10    2010/11       Live animals          Fresh beef         Frozen beef        Offal         Tinned beef

                         DG AGRI, European Commission – 20 January 2011                                                                                                  13
        EU imports of beef and live animals (1):
        Trade figures (COMEXT – tonnes cwe)
                    2006              2007              2008              2009            Jan-Nov 10       Compared
  Origins
                 tonnes     %     tonnes      %     tonnes      %     tonnes      %     tonnes     %      to Jan-Nov 09
Brazil          331 762 64.7% 363 839 65.4% 171 454 43.4% 149 007 34.6% 134 112                   38.2%      - 0.3%
Argentina        82 865 16.1%      97 656 17.6%      92 924 23.5% 122 494 28.4%          74 164   21.1%     - 34.1%
Uruguay          45 350    8.8%    39 544    7.1%    66 402 16.8%      79 144 18.4%      61 184   17.4%     - 16.1%
Botswana          7 118    1.4%    13 929    2.5%    10 395    2.6%    11 452    2.7%    14 641    4.2%     + 49.3%
USA                 956    0.2%     2 746    0.5%     6 547    1.7%     9 609    2.2%    13 823    3.9%     + 64.2%
New Zealand       7 195    1.4%     5 756    1.0%    12 455    3.2%    15 783    3.7%    13 144    3.7%     - 13.5%
Namibia           8 063    1.6%    10 467    1.9%    10 348    2.6%    12 457    2.9%    13 141    3.7%     + 9.7%
Australia        12 366    2.4%    10 019    1.8%    12 957    3.3%    16 937    3.9%    11 617    3.3%     - 26.0%
Switzerland       1 979    0.4%     2 855    0.5%     2 919    0.7%     4 394    1.0%     3 969    1.1%     + 3.4%
Chile             2 036    0.4%     2 844    0.5%     2 550    0.6%     3 158    0.7%     2 221    0.6%     - 28.5%
Serbia            1 912    0.4%     2 324    0.4%     1 784    0.5%       990    0.2%     1 031    0.3%     + 14.5%
EXTRA EU 25/27513 160             556 024           395 063           431 182           350 763
% change                             + 8%             - 29%              + 9%           - 11.0%




           DG AGRI, European Commission – 20 January 2011                                                          14
           EU imports of beef and live animals (2):
           Trade figures (COMEXT)

       IMPORTS of Beef & Veal into EU                                        IMPORTS of Beef & Veal into EU
                (Tonnes cwe)                                                           (1000 EUR)
                                                   450 000                                                            1 800 000
                    394 005                                               1 531 791
                                                                                                         1 4 8 1 3 3 4 1 600 000
      365 455                        350 763       400 000
                                                                                        1 407 667
                    50 409                                                164 620
                                                   350 000                                             230 572        1 400 000
      41 203                                                                           192 703
                                     54 335
                                                   300 000                                                            1 200 000
                    72 899                                                287 941
      61 682
                                                   250 000   In                        253 585         240 127        1 000 000     in
                                     61 184                                                                                        1000
                                                           Tonnes
      84 161                                       200 000  cwe                                                       800 000      EUR
                    112 553                                               514 371
                                     74 164                                                            428 761
                                                   150 000                             466 036                        600 000

                                                   100 000                                                            400 000
      160 736
                    134 539          134 112                              467 244                      446 042
                                                   50 000                              387 950                        200 000

                                                   0                                                                  0
  Jan-Nov 08       Jan-Nov 09       Jan-Nov 10                            Jan-Nov 08   Jan-Nov 09      Jan-Nov 10

Brazil                Argentina                Uruguay              Brazil               Argentina              Uruguay

USA                   New Zealand              Other destinations   USA                  New Zealand            Other destinations

                DG AGRI, European Commission – 20 January 2011                                                               15
                        Imports of BEEF products
                                                                             60 000


                                                                             50 000


                                                                             40 000




                                                                                      in Tonnes cwe
                                                                             30 000


                                                                             20 000


                                                                             10 000


                                                                             0
  |     2006     |     2007     |     2008     |     2009     |
Jan06          Jan07          Jan08          Jan09          Jan10

         FRESH            FROZEN             PREPARED               OTHERS

  DG AGRI, European Commission – 20 January 2011                                                      16
      EU net import of beef and live animals?
                                                                                                                                  1 400

 1 263

         1 171                                                    IMPORTS               EXPORTS
                                                                                                                                  1 200
                 1 120

                                 1 028
                                                                                                                                  1 000


                          825
                                                                                                                                  800
                                          736
                                                                                                                                          10 0
                                                                                                                                 T on         0
                                                                                                                                     ne
                                                  598     598
                                                                                565             556                               600
                                                                513    529              513
                                                        491        481
452             446             436                                       455
                                       429                                                                      431       418
       403              401                     398                                                     395
                                                                                  352                                   351       400
                                                                                          292             292
                                                                                                  248             249

                                                                                                                                  200




                                                                                                                                  0
1995     1996    1997    1998   1999     2000   2001    2002    2003   2004     2005    2006    2007    2008    2009     Jan-
                                                                                                                        Nov 10
             DG AGRI, European Commission – 20 January 2011                                                                                       17
Source : GTA                                                              Excluding live animals (0102), fats, preparations of several types of meat (0209, 0210 99 and 1602 90)



                        Main Exporters of BEEF Products (up to Nov) - Monthly
                                               figures




                                                                                                                                                                      United States
                        Australia (up to Oct 10)




                                                                                                                                                                                      Australia (up to Oct 10)
        United States

                                                                                                                                                                                                                                                                                                                                    2 000


                                                                                                                                                                                                                                                                                                                                    1 800


                                                                                                                                                                                                                                                                                                                                    1 600


                                                                                                  Argentina (up to Oct 10)                                                                                                                                                                                                          1 400




                                                                                                                                                                                                                 Brazil


                                                                                                                                                                                                                                        Canada (up to Oct 10)
                                                   Brazil


                                                                          Canada (up to Oct 10)




                                                                                                                                                                                                                                                                                                                                            Qty in 1000 Tonnes
                                                                                                                                                                                                                                                                                                                                    1 200




                                                                                                                                                                                                                                                                Argentina (up to Oct 10)
                                                                                                                                                                                                                                                                                                                                    1 000




                                                                                                                                                                                                                          New Zealand
                                                            New Zealand




                                                                                                                                                                                                                                                                                           India (up to Jun 10)
                                                                                                                             India (up to Jun 10)




                                                                                                                                                                                                                                                                                                                                    800


                                                                                                                                                                                                                                                                                                                                    600




                                                                                                                                                                                                                                                                                                                  Paraguay
                                                                                                                                                    Paraguay




                                                                                                                                                                                                                                                                                                                             EU *
                                                                                                                                                                                                                                                                                                                                    400
                                                                                                                                                               EU *




                                                                                                                                                                                                                                                                                                                                    200


                                                                                                                                                                                                                                                                                                                                    0
                                                       2009 (up to Nov)                                                                                                                                              2010 (up to Nov)

             * EU was the 11th biggest importer of Beef products in 2009

DG AGRI, European Commission – 20 January 2011                                                                                                                                                                                                                                                                                                                   18
Source : GTA                                                     Excluding live animals (0102), fats, preparations of several types of meat (0209, 0210 99 and 1602 90)



                        Main Importers of BEEF Products (up to Nov) - Monthly
                                               figures

                                                                                                                                                                                                                                                            1 200
        United States




                                                                                                                                  United States
                                 Mexico (up to Oct 10)




                                                                                                                                                           Mexico (up to Oct 10)
                                                                                                                                                                                                                                                            1 000
                        Russia




                                                                                                                                                                                                                                                            800




                                                                                                                                                  Russia




                                                                                                                                                                                                                                                                    Qty in 1000 Tonnes
                                                                                                                                                                                   Japan
                                                                                                          Canada (up to Oct 10)




                                                                                                                                                                                                                                    Canada (up to Oct 10)
                                                         Japan




                                                                                                                                                                                                               South Korea
                                                                 Hong Kong




                                                                                                                                                                                                                                                            600
                                                                                     South Korea




                                                                                                                                                                                           Hong Kong
                                                                                                                                                                                                       China
                                                                             China




                                                                                                                                                                                                                                                            400
                                                                                                   EU *




                                                                                                                                                                                                                             EU *
                                                                                                                                                                                                                                                            200




                                                                                                                                                                                                                                                            0
                                               2009 (up to Nov)                                                                                                          2010 (up to Nov)

               * EU was the 8th biggest importer of Beef products in 2009

 DG AGRI, European Commission – 20 January 2011                                                                                                                                                                                                                                          19
Evolution in EU carcass prices (1):
Carcasses of adult male bovines (A/C price – €/100 kg cw)
 €/100 kg cwe                                                           % of Reference Price


362                                                                                       163%


342                                                                                       154%


322                                                                                       145%


302                                                                                       136%


282                                                                                       127%

262                                                                                       118%


242                                                                                       109%

222                                                                                       100%
      1    5    9    13    17     21   25        29   33   37      41    45    49    53

           2004-2008 Avg                  2009                  2010                2011
             Price in week 1 :    349,0     Average price in décembre 2010 :    343,8
               % change y/y :    + 8,5%                         % change y/y : + 8,9%
 % Reference Price in week 1 :   156,9%

 DG AGRI, European Commission – 20 January 2011                                         20
Evolution in EU carcass prices (2):
Young bull carcasses (A R3 – €/100 kg cw)

360




340




320




300




280
      1      5       9        13       17   21     25    29      33      37      41        45   49        53


              2004-2008 Avg                      2009                  2010                     2011

          Price in week 1 :   351,42                    Average price in décembre 2010 :   347,83
            % change y/y :    + 9,2%                                     % change y/y :    + 8,1%


  DG AGRI, European Commission – 20 January 2011                                                     21
Evolution in EU carcass prices (3):
Steer carcasses (C R3 – €/100 kg cw)
340




320




300




280
      1      5       9        13       17   21     25    29      33      37      41        45    49        53

              2004-2008 Avg                      2009                  2010                     2011


          Price in week 1 :   328,35                    Average price in décembre 2010 :   319,53
            % change y/y :    + 9,9%                                     % change y/y :    + 9,4%


  DG AGRI, European Commission – 20 January 2011                                                      22
Evolution in EU carcass prices (4):
Cow carcasses (D O3 – €/100 kg cw)
250




240




230




220




210
      1      5      9     13         17   21     25    29      33      37      41        45    49        53


             2004-2008 Avg                     2009                  2010                     2011


          Price in week 1 : 241,97                    Average price in décembre 2010 : 236,27
            % change y/y : + 11,6%                                     % change y/y : + 11,8%


  DG AGRI, European Commission – 20 January 2011                                                    23
Evolution in EU carcass prices (5):
Heifer carcasses (E R3 – €/100 kg cw)

       340




       330




       320




       310




       300
             1      5        9     13   17   21     25    29      33      37      41        45    49    53

                        2004-2008 Avg             2009                  2010                     2011

                 Price in week 1 : 339,85                Average price in décembre 2010 : 337,02
                   % change y/y : + 10,0%                                 % change y/y : + 10,7%


 DG AGRI, European Commission – 20 January 2011                                                              24
                       Beef prices in Brazil (Pecuaria.com.br),
                      Argentina (Oncca) Uruguay (Inac) and EU


              300.0




              250.0
€uro/ 100kg




              200.0




              150.0




              100.0
                      |        ye ar     |        Ye ar    |     Ye ar     |     Ye ar    |   Ye ar 2011   |
                               2007               2008           2009            2010

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

                          DG AGRI, European Commission – 20 January 2011                              25
                           weekly US & EU Beef prices in €uro/100kg


         330.00



         290.00



         250.00
US$/lb




         210.00



         170.00



         130.00



          90.00
                  |   04    |    05     |     06     |     07   |   08     |     09     |     10     |        11
                       Steers 550-700lb Omaha (Nebraska)            Feeder Steer 600-700lb Oklahoma City
                       Steers 1050-1200lb Okla/Tex                  EU Beef C R3

                  DG AGRI, European Commission – 20 January 2011                                         26
Evolution in EU prices for live bovines (1)
Male store cattle (6-12 months; ≤ 300 kg – €/100 kg live weight)
230




220




210




200




190
      1      5       9        13   17   21     25    29      33      37     41         45    49        53

              2004-2008 Avg                  2009                  2010                     2011

          Price in week 1 :   206,50                Average price in décembre 2010 :    206,59
            % change y/y :    - 4,6%                                 % change y/y :     - 1,4%


  DG AGRI, European Commission – 20 January 2011                                                  27
Evolution in EU prices for live bovines (2)
Male calves aged between 8 days and 4 weeks (€/head)
230




210




190




170




150
      1      5        9       13       17   21     25     29      33      37      41       45    49         53


              2004-2008 Avg                      2009                  2010                     2011


          Price in week 1 :   196,65                    Average price in décembre 2010 :   187,78
            % change y/y :    + 6,7%                                     % change y/y :    + 4,1%


 DG AGRI, European Commission – 20 January 2011                                                        28
Evolution in EU prices for live bovines (3)
Butcher calves (€/100 kg cw)
560



540



520



500



480



460
      1      5       9        13       17   21     25    29      33      37      41        45    49         53


              2004-2008 Avg                      2009                  2010                     2011


          Price in week 1 :   543,25                    Average price in décembre 2010 :   531,07
            % change y/y :    + 3,6%                                     % change y/y :    + 1,8%


  DG AGRI, European Commission – 20 January 2011                                                       29
                                            Theoretical EU average
                         Margin Calculation for young bull production fed on basis of
                                    a ratio of Cereals and Compoundfeed
              350


              300


              250
€uro/ 100kg




              200


              150


              100


               50


                0
                    2002 2003 2004 2005 2006 2007 2008 2009 2010   01   02     03    04      05   06   07   08   09   10   11    12


                                 Margin               Feedcost               Price of A.R3                  average margin '02 - 09
                    Feed conversion rate: 7kg feed = 1kg Carcase.
                    Feed composition: 40% compound feed, 25% barley, 15% corn, 20% wheat


                       DG AGRI, European Commission – 20 January 2011                                                           30
Evolution in EU prices
Categories Global View (€/100 kg cw)

360             A R3               C R3            D O3      E R3


335



310



285



260



235



210
         2007            2008             2009      2010   2011

  DG AGRI, European Commission – 20 January 2011                  31

								
To top