Upward Pressure on Beef Prices

In the region climatic effects and problems of smuggling have caused scarcity and a rise in cattle prices, the same as is occurring on the international market.

Tuesday, July 14, 2015

Added to the shortage of cattle is a decline in sales, both regionally and internationally, where "...Stock market contracts for cattle on July 13 performed positively, rising to the maximum limit allowed by the exchange of $3 and almost $4 ", reports Panamaamerica.com.pa.

"... Cattle futures traded higher, while the wholesale cuts were a little lower and more seasonal weakness are expected during the month of July, said the country's Institute of Agricultural Marketing (Mida) . "

"... According to the Department of Agriculture (USDA), net sales of beef cuts were 6,600 by 2015, 42% less than in the previous week. "

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"Expensive" Beef in Nicaragua

January 2016

In Nicaragua domestic cattle producers are being paid better than those in other countries.

"... The plants are paying around US $3.22 per kilo for 'hot' beef while markets such as Brazil, the world's largest exporter, whose meat competes with Nicaragua’s, paid US $2.22 per kilo.

Projected Rise in Meat Imports in USA

October 2014

Due to the contraction in domestic production, it is estimated that by the end of the year beef imports will have risen by 19% compared to 2013.

From statement issued by the Foreign Trade Promotion Office of Costa Rica (PROCOMER):

An increase is expected in imports of beef in the United States

Beef Shortage in United States

February 2014

The number of cattle held by the largest producer of beef in the world is the lowest in the past 63 years, leading to futures prices in January rising to $1,432 per pound of meat.

In the U.S., a shortfall in the amount of livestock is negatively affecting this year's meat production, which is expected to be the lowest in the last two decades, according to the Department of Agriculture (USDA).

Increased Global Demand for Beef

June 2013

It has been projected that in 2013 global beef exports will grow by 7.6%, approaching 9 million tons.

From an article by the Costa Rican Trade Promotion Office (PROCOMER):

Projections for 2013 indicate that the expansion of international trade of beef will continue, according to the U.S. Department of Agriculture (USDA), world beef exports will grow by 7.6% and will be located around 9 million tons.

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