BEEF & VEAL MARKET SITUATION "Single CMO" Management Committee 18 April 2013

BEEF & VEALMARKET SITUATION

"Single CMO" Management Committee 18 April 2013

2

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

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 14 - 2013

3


A / C . R3


A / C . R3

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

397,34 397,03% change y/y : + 4,3% % change y/y : + 3,2%

178,7%% Ref. Price in wk 14 :

Price in week 14 : Average price in March 2013 :

289,1

311,4

333,6

355,8

378,1

400,3

422,6

130%

140%

150%

160%

170%

180%

190%

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

€/100 kg cwe

2006-2010 Avg 2011 2012 2013

% of Reference Price

Source : Member States AC - R 3 > Wk.14-2013

4

0,00

100,00

200,00

300,00

400,00

500,00

600,00

700,00

| 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 |

Prices of live Bovine animalsNB: different types of price settings

Bovins maigres de 6 à 12 mois poids <= 300 kg(Poids vif/100 kg)

Veaux de 8 jours à 4 semaines(Tête)

Veaux de boucherie(Cacasses/100 kg)

5

0

100

200

300

| 2009 | 2010 | 2011 | 2012 | 2013 |

EU monthly avg. price of Dairy and Beef Calvesveaux de 8 jours à 4 semaines

in €uro/ Head

EU 100 DAIRY BULLS EU 100 BEEF BULLS

Linear (EU 100 DAIRY BULLS) Linear (EU 100 BEEF BULLS)

6

0

5.000

10.000

15.000

20.000

25.000

30.000

35.000

<1y Of wh for Slaughter >1y<2y Of wh for Slaughter >2j of wh Cows of wh Dairy Buff

Provisional results of the Bovine Nov/ Dec Survey 2012EL, CY &UK missing

2009

2010

2011

2012

8

0,0%

10,0%

20,0%

30,0%

40,0%

50,0%

EU24

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

Dairy Cows as a % of the total Bovine Herd 2010

2011

2012

11

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

A D U L T C A T T L E


A D U L T C A T T L E

0,000

62,500

125,000

187,500

250,000

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

in T

on

n

Change in Adult Cattle Slaughter(Bulls, Bullocks, Cows & Heifers)

Jan. - Feb 2012 / 2013

Heifers

Cows

Bullocks &Bulls

12

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

V E A L


V E A L

0,000

15,000

30,000

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

Sla

ug

hte

r in

To

nn

Change in Veal Slaughter(Calves & Young Cattle)

Period: Jan - Feb Year:2012 & 2013

Y. Cattle

Calves

15

-15,0%

-10,0%

-5,0%

0,0%

5,0%

10,0%

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

Percentual change in Adult Cattle SlaughterPeriod: Jan - Dec (EU 27= -4,5%) Year: 2012 / 2011

21

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

| 2008 | 2009 | 2010 | 2011 | 2012 |

€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

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

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


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

22

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.


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

23

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-Feb 12

Russia 50.881 20,4% 135.991 27,9% 138.910 21,8% 98.433 19,0% 10.951 16,7% - 13,4%

Algeria 6.681 2,7% 16.259 3,3% 17.970 2,8% 17.324 3,3% 3.817 5,8% + 89,3%

Sw itzerland 19.072 7,7% 22.352 4,6% 26.432 4,2% 19.570 3,8% 3.319 5,1% + 17,4%

Lebanon 7.838 3,1% 33.815 6,9% 23.275 3,7% 24.100 4,6% 3.068 4,7% + 89,5%

Turkey 571 0,2% 71.029 14,6% 166.753 26,2% 100.742 19,4% 1.939 3,0% - 86,0%

Croatia 25.126 10,1% 23.159 4,8% 24.986 3,9% 21.981 4,2% 1.792 2,7% - 37,9%

Other Destinations 138.995 55,8% 184.016 37,8% 238.154 37,4% 236.730 45,6% 37.141 56,7% + 8,0%

EXTRA EU 25/27 249.165 486.621 636.480 518.880 65.547

% change + 95% + 31% - 18% - 10,1%

2011 Jan-Feb 132012

24

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

131.479

55.69612.547

42.906

32.184

28.313

96.198

105.684

113.408

305.543

220.086

196.977

0

50.000

100.000

150.000

200.000

250.000

300.000

350.000

Jan-Feb 11 Jan-Feb 12 Jan-Feb 13

1,00

0 EU

R

EU EXPORTS of Beef & Veal (1000 EUR)

Turkey Russia GhanaLebanon Hong Kong AlgeriaOther destinations

33.649

13.8291.939

20.640

12.640

10.951

33.778

34.399

37.141

102.089

72.89765.547

0

20.000

40.000

60.000

80.000

100.000

120.000


Tonn

es 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

25

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

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


26

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

0

5.000

10.000

15.000

20.000

25.000

30.000

35.000

40.000

Jan

10

Feb

10

Ma

r 1

0

Ap

r 10

Ma

y 1

0

Jun

10

Jul 1

0

Au

g 1

0

Se

p 1

0

Oct

10

No

v 1

0

De

c 1

0

Jan

11

Feb

11

Ma

r 1

1

Ap

r 11

Ma

y 1

1

Jun

11

Jul 1

1

Au

g 1

1

Se

p 1

1

Oct

11

No

v 1

1

De

c 1

1

Jan

12

Feb

12

Ma

r 1

2

Ap

r 12

Ma

y 1

2

Jun

12

Jul 1

2

Au

g 1

2

Se

p 1

2

Oct

12

No

v 1

2

De

c 1

2

Jan

13

Feb

13

Fresh Bovine "Compensated" quarters

Fresh Bovine (un)-separated Forequarters

Fresh Bovine (un)-separated Hindquarters

Frozen Bovine "Compensated" quarters

Live Animals

TOTAL


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

27

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

10

Fe

b 10

Ma

r 10

Ap

r 1

0

Ma

y 10

Jun

10

Jul 1

0

Au

g 10

Se

p 10

Oct

10

No

v 10

De

c 10

Jan

11

Fe

b 11

Ma

r 11

Ap

r 1

1

Ma

y 11

Jun

11

Jul 1

1

Au

g 11

Se

p 11

Oct

11

No

v 11

De

c 11

Jan

12

Fe

b 12

Ma

r 12

Ap

r 1

2

Ma

y 12

Jun

12

Jul 1

2

Au

g 12

Se

p 12

Oct

12

No

v 12

De

c 12

Jan

13

Fe

b 13

Live animals

Fresh Bovine meat

Frozen Bovine meat

Beef Offals

TOTAL

28

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

.

9.6

28

.

7.0

75

.

7.5

77

.

5.5

54

.

2.3

89

.

3.3

80

.

4.3

99

.

8.0

26

.

11.0

68

.

7.2

63

.

6.5

03

.

5.5

60

.

2.6

29

. 4.6

37

.

2.1

52

.

86

8

.

98

2

.

2.1

11

.

2.5

11

.

3.5

65

.

5.7

89

.

3.9

53

.

3.8

04

.

3.1

83

.

2.4

32

.

1.8

76

.

1.9

29

.

3.3

48

.

3.9

69

.

2.7

28

.

2.1

96

.

1.9

95

.

2.4

41

.

3.8

72

.

3.2

27

.

1.7

47

.

2.4

91

.

1.3

44

.

1.5

69

.

2.0

71

.

86

7

.

2.9

56

.

3.6

07

.

4.0

40

.

4.0

99

.

4.2

51

.

3.0

97

.

3.4

58

.

4.5

97

.

4.1

27

.

5.0

05

.

3.6

77

.

5.2

13

.

2.6

84

.

3.0

04

.

4.3

74

.

4.3

28

.

5.8

51

.

5.3

29

.

5.8

29

.

5.4

18

.

6.6

01

.

6.6

17

.

6.1

58

.

5.1

35

.

4.1

12

.

5.0

70

.

5.0

05

.

4.8

86

.

5.4

12

.

4.4

57

.

4.8

92

.

5.4

78

.

6.0

38

.

7.3

62

.

6.8

17

.

6.2

15

.

3.9

88

.

3.5

73

. 6.3

52

.

4.8

77

.

4.8

18

.

4.8

97

.

5.3

91

.

4.9

25

.

4.8

27

.

5.1

29

.

4.9

08

.

6.1

26

.

3.7

59

.

4.1

04

.

0

5.000

10.000

15.000

20.000

25.000

Jan

09

Feb

09

Mar

09

Apr

09

May

09

Jun

09

Jul 0

9A

ug 0

9S

ep 0

9O

ct 0

9N

ov 0

9D

ec 0

9Ja

n 1

0F

eb 1

0M

ar 1

0A

pr 1

0M

ay 1

0Ju

n 1

0Ju

l 10

Aug

10

Sep

10

Oct

10

Nov

10

Dec

10

Jan

11

Feb

11

Mar

11

Apr

11

May

11

Jun

11

Jul 1

1A

ug 1

1S

ep 1

1O

ct 1

1N

ov 1

1D

ec 1

1Ja

n 1

2F

eb 1

2M

ar 1

2A

pr 1

2M

ay 1

2Ju

n 1

2Ju

l 12

Aug

12

Sep

12

Oct

12

Nov

12

Dec

12

Jan

13

Feb

13

To

nn

es

CW

E

.

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

Turkey Algeria Lebanon Other


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

29

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-Feb 12

Brazil 149.007 34,6% 144.858 38,2% 125.872 38,9% 126.227 41,2% 23.011 45,5% + 38,0%

Argentina 122.494 28,4% 79.532 21,0% 62.704 19,4% 51.601 16,8% 7.458 14,7% - 21,0%

Uruguay 79.144 18,4% 66.189 17,5% 51.449 15,9% 51.786 16,9% 8.716 17,2% + 20,5%

USA 9.609 2,2% 15.308 4,0% 22.954 7,1% 20.776 6,8% 3.107 6,1% - 2,2%

Australia 16.937 3,9% 13.627 3,6% 18.081 5,6% 21.135 6,9% 3.542 7,0% + 19,6%

New Zealand 15.783 3,7% 13.671 3,6% 15.427 4,8% 15.161 4,9% 1.857 3,7% - 18,5%

Namibia 12.457 2,9% 13.571 3,6% 9.005 2,8% 8.720 2,8% 1.463 2,9% + 80,4%

Switzerland 4.394 1,0% 4.461 1,2% 5.661 1,7% 4.964 1,6% 711 1,4% + 5,6%

Chile 3.158 0,7% 2.441 0,6% 2.254 0,7% 1.710 0,6% 128 0,3% - 54,4%

Serbia 990 0,2% 1.127 0,3% 785 0,2% 639 0,2% 106 0,2% + 8,5%

Botswana 11.452 2,7% 15.763 4,2% 980 0,3% 474 0,2% 0 0,0% - 100,0%

EXTRA EU 25/27431.182 379.145 323.654 306.675 50.611

% change - 12% - 15% - 5% + 14,6%

2011 Jan-Feb 132012

30

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

17.537 16.67423.011

10.092 9.443

7.458

8.9117.236

8.716

5.7164.680

4.77847.512 44.170

50.611

0

10.000

20.000

30.000

40.000

50.000

60.000


InTonnes

cwe

IMPORTS of Beef & Veal into EU (Tonnes cwe)

Brazil Argentina Uruguay Australia USA Other destinations

68.228 74.65192.947

72.758 75.31559.272

45.166 40.419 45.14613.524 14.907

18.723

29.45426.925

24.481245.923

256.568 263.736

0

50.000

100.000

150.000

200.000

250.000

300.000


in 1000EUR

IMPORTS of Beef & Veal into EU (1000 EUR)

Brazil Argentina Uruguay Australia USA Other destinations

31



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

Imports of BEEF products

FRESH FROZEN PREPARED OTHERS

32

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

51

1.263

1.1711.120

825

1.028

736

598 598

481455

352292

248292

249

487

636

519

66

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-Feb13

1000 Tonne

IMPORTS EXPORTS

34

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

Unite

d St

ates

Unite

d St

ates

Aust

ralia

Aust

ralia

Braz

il

Braz

il

Indi

a (u

p to

Jan

12)

Indi

a (u

p to

Jan

12)

New

Zea

land

New

Zea

land

Cana

da

Cana

da

EU

EU

Urug

uay

(up

to J

an 1

2)

Urug

uay

(up

to J

an 1

2)

Arge

ntin

a

Arge

ntin

a

Para

guay

Para

guay

Mex

ico

(up

to J

an 1

2)

Mex

ico

(up

to J

an 1

2)

0

20

40

60

80

100

120

140

160

2012 (up to February) 2013 (up to February)

Qty

in 1

000 T

onnes

Main Exporters of BEEF Products (up to February)

No 2103 figures available for : India, Uruguay, Argentina, Mexico ...

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

35


E.U. E X P O R T S

BEEF MAIN EXPORTERS

E.U. E X P O R T S

BEEF MAIN EXPORTERS

Unite

d St

ates

Unite

d St

ates

Russ

ia

Russ

ia

Chin

a +

H. K

ong

Chin

a +

H. K

ong

Japa

n

Japa

n

Mex

ico

(up

to J

an 1

2)

Mex

ico

(up

to J

an 1

2)

Sout

h Ko

rea

Sout

h Ko

rea

EU

EU

Cana

da

Cana

da

Turk

ey (u

p to

Jan

12)

Turk

ey (u

p to

Jan

12)

0

20

40

60

80

100

120

2012 (up to February) 2013 (up to February)

Qty

in 1

000 T

onnes

.

Main Importers of BEEF Products (up to February)

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)

36


Adult Male Bovine PRICESAdult Male Bovine PRICES

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

37


Weekly STEER PRICES

US & EU

Weekly STEER PRICES

US & EU

100,0

150,0

200,0

250,0

300,0

350,0

400,0

| 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

38

S H O R T T E R MF O R E C A S TS H O R T T E R MF O R E C A S T

P R O D U C T I O NC O N S U M P T I O N

P R I C E S

P R O D U C T I O NC O N S U M P T I O N

P R I C E S

2010 2011 2012 2013 2014

BALANCE - 197 - 100 - 279 - 199 - 164

EU - CARCASS PRICES 2010 2011 2012 2013 2014

Sources : EStat New Cronos, Member States

6 947

7 110

396,2

319,6

+ 0,05%

- 0,45%

+ 0,02%

- 0,08%+ 15,2%+ 16,4%

+ 0,96%

- 0,44%

- 2,09%

+ 1,9%

+ 2,33%

+ 2,93%

348,9 387,1+ 11,6% + 11,0%

+ 0,26%

7 313

6 925- 0,82% - 3,99%

- 0,86%- 1,48%

7 273 7 213

7 2057 470

( €/100 kg )312,6

231,0

ADULT MALE BOVINES

COWS( €/100 kg )

( 1000T )EU.15 PRODUCTION

( 1000T )EU.15 CONSUMPTION

268,9 309,6+ 3,30%

6 943

319,8

396,1

7 142

Documents

BEEF & VEAL MARKET SITUATION "Single CMO" Management Committee 18 April 2013