Argentine beef exports in 2016 reached 240,000 tons carcass weight equivalent (cwe), the highest since 2011. This is as a result of policy changes implemented by the recently elected government to improve the country’s export competitiveness.
Cattle slaughter and beef production are projected to drop somewhat, as Argentina continues to undergo a cattle retention phase with good returns in the cow calf business.
Rebuilding cattle herds reduced by the 100 year drought almost a decade ago has been very slow and resuming more normal exports was expected to result in lower domestic consumption, which fell by 140,000 tons to 2.4 million tons in 2016.
The drop in consumption will be offset by higher consumption of pork and poultry. High domestic beef prices are making the government hurry the sanitary protocol to import cattle from Uruguay, but little trade is expected as prices are quite similar in the two countries.
Argentina Beef & Cattle 2016
The calf crop for 2016 was forecast at 14 million head, 300,000 head higher than for 2015. This is a result of good weather during the breeding season and to the fact that producers in the last couple of years have been retaining more females for breeding due to improved profitability.
Argentina Cattle Inventory
The cattle inventory in Argentina in 2016 is at 51.995 million head, up 450K head from 2015. This is the highest cattle inventory in Argentina since 2009.
The highest cattle inventory in the Argentina was in 1976 at 61.469 million head.
The cattle inventory in Argentina was over 60 million head from 1975 - 1978.
Information courtesy of beef2live