BEEF & VEALMARKET SITUATION

CMO Committee 20 November 2014

20 November 2014

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

T O T A L B O V I N E

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

T O T A L B O V I N E L I V E S T O C KJUNE SURVEY

L I V E S T O C KJUNE SURVEY

May/Jun %Var %Var %Var %Var2014 2014 2014 2014

1000 Hd 2011 2012 2013 2014 2013 2011 2012 2013 2014 2013 2011 2012 2013 2014 2013 2011 2012 2013 2014 2013

BE 2 560 2 484 2 433 2 521 +3.6% 759 701 689 734 +6.5% 495 498 495 506 +2.1% 1 306 1 284 1 248 1 282 +2.7%BGCZDK 1 645 1 629 1 603 1 585 -1.1% 550 544 523 528 +1.0% 328 322 328 318 -3.0% 766 763 752 739 -1.7%DE 12 563 12 477 12 587 12 702 +0.9% 3 800 3 850 3 849 3 874 +0.7% 2 993 2 912 3 011 3 004 -0.2% 5 771 5 715 5 727 5 824 +1.7%EEIE 6 493 6 754 6 903 6 926 +0.3% 1 845 2 036 1 968 1 878 -4.6% 1 528 1 660 1 811 1 767 -2.4% 3 119 3 058 3 123 3 280 +5.0%ELES 6 048 6 003 5 822 6 008 +3.2% 1 994 2 084 2 026 2 172 +7.2% 963 862 801 795 -0.8% 3 091 3 057 2 995 3 041 +1.5%FR 19 714 19 282 19 179 19 286 +0.6% 5 701 5 602 5 497 5 530 +0.6% 3 502 3 452 3 529 3 476 -1.5% 10 512 10 227 10 153 10 280 +1.3%IT 6 151 5 914 6 053 6 197 +2.4% 1 693 1 455 1 587 1 703 +7.3% 1 424 1 316 1 480 1 445 -2.3% 2 673 2 756 2 986 3 049 +2.1%

CYLVLTLUHUMTNL 3 868 3 879 4 000 4 067 +1.7% 1 551 1 569 1 616 1 642 +1.6% 623 614 624 634 +1.6% 1 695 1 696 1 759 1 791 +1.8%AT 1 982 1 957 1 939 1 937 -0.1% 614 614 604 613 +1.4% 437 428 435 424 -2.6% 931 915 900 901 +0.1%PL 5 762 5 777 5 860 5 920 +1.0% 1 481 1 469 1 586 1 609 +1.4% 1 300 1 344 1 422 1 433 +0.8% 2 981 2 964 2 852 2 879 +1.0%PTRO 2 113 2 054 2 069 +0.7% 509 467 478 479 +0.3% 249 242 236 236 +0.1% 1 332 1 332 1 340 1 354 +1.0%SISKFISE 1 512 1 500 1 506 1 493 -0.8% 475 481 468 472 +0.9% 378 368 381 370 -2.8% 659 651 657 651 -1.0%UK 9 933 9 900 9 843 9 829 -0.1% 2 847 2 905 2 808 2 798 -0.4% 2 420 2 419 2 474 2 393 -3.3% 4 667 4 576 4 561 4 638 +1.7%

EU 80 343 77 557 79 781 80 541 +1.0% 23 819 23 777 23 698 24 031 +1.4% 16 639 16 439 17 027 16 801 -1.3% 39 503 38 996 39 055 39 708 +1.7%

Source : EStat Newcronos EU %Var is calculated considering only countries available in 2013 AND 2014

BOVINE 1-2 Year BOVINE > 2 YearTOT LIVESTOCK BOVINE < 1 Year

20 November 2014

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

T O T A L B O V I N E

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

T O T A L B O V I N E L I V E S T O C KJUNE SURVEY

L I V E S T O C KJUNE SURVEY

May/Jun %Var %Var %Var2014 2014 2014

1000 Hd 2011 2012 2013 2014 2013 2011 2012 2013 2014 2013 2011 2012 2013 2014 2013

BE 1 029 1 035 1 007 971 -3.5% 507 509 510 522 +2.5% 521 525 498 449 -9.7%BGCZDK 686 688 678 664 -2.1% 575 582 576 563 -2.3% 110 106 102 101 -1.0%DE 4 884 4 865 4 896 4 981 +1.7% 4 185 4 191 4 223 4 311 +2.1% 699 673 673 670 -0.4%EEIE 2 240 2 289 2 313 2 355 +1.8% 1 139 1 141 1 163 1 226 +5.4% 1 102 1 149 1 150 1 129 -1.8%ELES 2 734 2 638 2 595 2 716 +4.7% 851 836 823 876 +6.5% 1 882 1 803 1 772 1 840 +3.8%FR 7 860 7 706 7 682 7 759 +1.0% 3 589 3 536 3 545 3 615 +2.0% 4 272 4 170 4 137 4 144 +0.2%IT 2 106 2 168 2 381 2 382 +0.1% 1 718 1 800 1 989 2 053 +3.2% 388 367 392 329 -15.9%

CYLVLTLUHUMTNL 1 568 1 583 1 637 1 655 +1.1% 1 463 1 484 1 553 1 572 +1.2% 105 99 84 82 -2.4%AT 792 782 769 770 +0.2% 532 529 524 534 +2.0% 260 253 245 236 -3.7%PL 2 626 2 578 2 531 2 479 -2.0% 2 473 2 441 2 361 2 310 -2.1% 153 137 170 169 -0.7%PTRO 1 195 1 205 1 222 1 224 +0.2% 1 181 1 188 1 208 1 207 -0.1% 14 18 13 17 +27.3%SISKFISE 542 540 539 531 -1.6% 347 348 346 344 -0.6% 197 193 193 186 -3.5%UK 3 489 3 469 3 393 3 406 +0.4% 1 814 1 812 1 782 1 828 +2.6% 1 675 1 657 1 611 1 578 -2.0%

EU 31 752 31 546 31 642 31 894 +0.8% 20 374 20 397 20 603 20 963 +1.7% 11 378 11 149 11 040 10 931 -1.0%

Source : EStat Newcronos EU %Var is calculated considering only countries available in 2013 AND 2014

OTHER COWSTOTAL COWS DAIRY COWS

P R O D U C T I O N P R O D U C T I O N % E V O L U T I O N

H E A D S

% E V O L U T I O N

H E A D S

Estimates for last month of period : Source : EStat - Newcronos

Cow

Heifer

Calve

Bull

Jan-Aug 13/14

EU15 EU28HEADS

-4.6% -1.8%

Meat of bovine animals

-0.0% +0.8%

-2.3% -3.0%

+7.8% +7.8%

-0.4% +0.4%

Bullock

Young cattle

-1.0%

-9.7% -9.9%

-1.9%

+3.

6%

-19.

9%

-0.8

%

-1.4

%

+3.

2%

+6.

2%

+12

.1%

-7.3

%

-4.1

% -2.1

%

-5.4

%

-16.

7%

-3.0

%

-4.1

%

+6.

7%

+3.

7%

-0.3

%

+3.

3%

-1.3

%

-3.6

%

+14

.9%

-8.1

%

-3.2

% -0.5

%

-7.5

%

+0.

9% +2.

0%

+1.

2%

- 20 %

- 10 %

0%

+ 10 %

- 20 %

- 10 %

0%

+ 10 %

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

EU : - 1.0%

20 November 2014

P R O D U C T I O N P R O D U C T I O N % E V O L U T I O N

T O N N E S

% E V O L U T I O N

T O N N E S

Estimates for last month of period : Source : EStat - Newcronos

Meat of bovine animals

-0.2%-1.1%

-10.5% -10.6%Young cattle

Calve

+0.7%

Heifer

Bull -2.1%

+9.1%

+1.3%

+2.4%

-2.7%

-4.4%

Cow

Bullock +9.1%

+1.8%

-2.2%

TONNESEU15 EU28

Jan-Aug 13/14

+2.

5%

-21.

8%

-0.1

%

-0.1

%

+3.

0%

+8.

7%

+15

.1%

-8.6

%

-3.5

% -1.1

%

-4.7

%

-18.

9% -15.

9%

-1.5

%

+9.

6%

+4.

3%

-2.2

%

+2.

6%

-2.3

%

-3.6

%

+17

.8%

-6.7

%

-0.6

%

-1.9

%

-9.0

%

+1.

3% +3.

5%

+3.

7%

- 25 %

- 15 %

- 5 %

+ 5 %

+ 15 %

- 25 %

- 15 %

- 5 %

+ 5 %

+ 15 %

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

EU : - 0.2%

20 November 2014

P R O D U C T I O N P R O D U C T I O N H I S T O R I C

T O N N E S

H I S T O R I C

T O N N E S

500

550

600

650

700

750

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

1.00

0 T

on

ne

s

2 0 1 2 2 0 1 3 2 0 1 4

Beef & Veal Production (E28 Slaughtering) - Tonnes

Source : EStat-Newcronos

20 November 2014

20 November 2014

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

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

Y O U N G BOVINE 8-12M– Z.R3

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

Y O U N G BOVINE 8-12M– Z.R3

Z - R 3 > Wk.45-2014

367.35 370.49Price in week 45 : Average price in October 2014 :

300

320

340

360

380

400

300

320

340

360

380

400

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

2007-2011 Avg 2012 2013 2014

Source : Member States Z - R 3 > Wk.45-2014

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

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

Y O U N G B U L L – A.R3

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

Y O U N G B U L L – A.R3

20 November 2014

A - R 3 > Wk.45-2014

359.55 360.24% change y/y : - 4.9% % change y/y : - 4.0%

Price in week 45 : Average price in October 2014 :

300

320

340

360

380

400

300

320

340

360

380

400

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

2007-2011 Avg 2012 2013 2014

Source : Member States A - R 3 > Wk.45-2014

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

S T E E R – C.R3

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

S T E E R – 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

20 November 2014

C - R 3 > Wk.45-2014

403.65 398.95% change y/y : - 3.8% % change y/y : - 4.8%

Price in week 45 : Average price in October 2014 :

300

325

350

375

400

425

450

300

325

350

375

400

425

450

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

2007-2011 Avg 2012 2013 2014

Source : Member States C - R 3 > Wk.45-2014

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

A / C / Z . R3

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

A / C / Z . 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

20 November 2014

ACZ - R 3 > Wk.45-2014

367.45 366.51% change y/y : - 5.4% % change y/y : - 5.2%

165.2%% Ref. Price in wk 45 :

Price in week 45 : Average price in October 2014 :

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

2007-2011 Avg2012

% of Reference Price

Source : Member States ACZ - R 3 > Wk.45-2014

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

C O W – D.O3

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

C O W – D.O3

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

20 November 2014

D - O 3 > Wk.45-2014

265.55 273.48% change y/y : - 7.6% % change y/y : - 6.7%

Price in week 45 : Average price in October 2014 :

220

240

260

280

300

320

340

220

240

260

280

300

320

340

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

2007-2011 Avg 2012 2013 2014

Source : Member States D - O 3 > Wk.45-2014

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

H E I F E R – E.R3

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

H E I F E R – E.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

20 November 2014

E - R 3 > Wk.45-2014

387.05 385.64% change y/y : - 4.6% % change y/y : - 4.9%

Price in week 45 : Average price in October 2014 :

310

330

350

370

390

410

430

310

330

350

370

390

410

430

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

2007-2011 Avg 2012 2013 2014

Source : Member States E - R 3 > Wk.45-2014

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

All CAT GLOBAL VIEW

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

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

20 November 2014

200

250

300

350

400

450

2007 2008 2009 2010 2011 2012 2013 2014

Z R3

A R3

C R3

D O3

E R3

Source : Member StatesLast Update : Week 45 - 2014

Store cattle (€/100 kg live weight)

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

MALE STORE CATTLE

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

MALE STORE CATTLE

P R I C E S L I V E B O V I N E S P R I C E S L I V E B O V I N E S

20 November 2014

Young Store Cattle Price in Week 45 2.39 Yearling Male Store Cattle Price in Week 45 2.18

Yearling Female Store Cattle Price in Week 45 2.28 €/kg live weight

200

210

220

230

240

250

260

270

200

210

220

230

240

250

260

270

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec2007-2011 Avg 2012 20132014 Young Store Cattle Yearling Male Store CattleYearling Female Store Cattle

Source : Member States Store cattle > Wk. 53

Male calves aged between 8 days and 4 weeks (€/head)

P R I C E S L I V E B O V I N E S P R I C E S L I V E B O V I N E S

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

Male Calves – 8D4W

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

Male Calves – 8D4W

20 November 2014

Male Rearing Calves Beef type Price in Week 45 212.70 Male Rearing Calves Dairy type Price in Week 45 67.91

45

65

85

105

125

145

165

185

205

225

245

265

45

65

85

105

125

145

165

185

205

225

245

265

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

2007-2011 Avg 2012 2013

2014 Male Rearing Calves Beef type Male Rearing Calves Dairy type

Source : Member States 8D4W > Wk.53

Calves slaughtered before the age of less than 8 months (€/100 kg cw)

P R I C E S L I V E B O V I N E S P R I C E S L I V E B O V I N E S

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

Butcher Calves

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

Butcher Calves

20 November 2014

Price in Week 45 534.20 € / 100 kg of carcasse weight

480

500

520

540

560

580

600

620

480

500

520

540

560

580

600

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

2007-2011 Avg 2012

Source : Member States Calves > Wk. 53

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

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

Animal + Feed Purchase COST

20 November 2014

0.00

100.00

200.00

300.00

400.00

500.00

600.00

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

| 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014

€uro

/ hea

d

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

Extra gain of FCR between 7- 6 Remainder Young Bulls A.R 3 Calf price when purchased

average remainder incl. extra gain Intensive Feedcost x*6

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

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

Animal + Feed Purchase COST

0.00

100.00

200.00

300.00

400.00

500.00

600.00

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

| 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014

€uro

/he

ad

Remainder of: Selling price AR 3, minus costs forcalf purchased and feedcost for grain/ grass fattening

Extra gain of FCR between 7- 6 Remainder Young Bulls A.R 3 Calf price when purchased

Pasture Feedcost x*6 average remainder incl. extra gain20 November 2014

2010 2011 Compared

tonnes % tonnes % tonnes % tonnes % tonnes % to Jan-Sep 13

Russia 135 991 28.7% 138 910 22.3% 97 829 19.2% 72 299 15.9% 87 768 21.7% + 78.3%

Hong Kong 12 292 2.6% 19 449 3.1% 17 895 3.5% 28 536 6.3% 40 032 9.9% + 110.5%

Lebanon 35 814 7.6% 25 200 4.0% 27 474 5.4% 26 367 5.8% 27 807 6.9% + 45.9%

Ghana 11 561 2.4% 21 979 3.5% 28 693 5.6% 40 793 9.0% 25 897 6.4% - 12.5%

Bosnia-Herz. 17 082 3.6% 21 423 3.4% 19 715 3.9% 26 844 5.9% 24 809 6.1% + 37.6%

Switzerland 22 619 4.8% 26 720 4.3% 19 911 3.9% 26 574 5.9% 21 284 5.3% + 4.9%

Ivory Coast 14 831 3.1% 18 177 2.9% 15 929 3.1% 21 620 4.8% 20 498 5.1% + 37.2%

Algeria 16 259 3.4% 17 970 2.9% 17 324 3.4% 25 935 5.7% 12 252 3.0% - 28.1%

Libya 2 551 0.5% 2 473 0.4% 11 974 2.4% 18 628 4.1% 11 348 2.8% - 19.3%

Angola 5 228 1.1% 8 935 1.4% 8 258 1.6% 10 590 2.3% 8 755 2.2% + 27.8%

For.JRep.Mac 9 713 2.1% 13 244 2.1% 11 447 2.3% 10 630 2.3% 8 538 2.1% + 8.5%

Israel 9 234 2.0% 8 720 1.4% 8 435 1.7% 9 378 2.1% 6 349 1.6% - 15.1%

Norway 1 636 0.3% 7 115 1.1% 14 621 2.9% 10 247 2.3% 6 219 1.5% - 37.1%

Uzbekistan 419 0.1% 4 271 0.7% 4 196 0.8% 7 729 1.7% 5 972 1.5% + 1.5%

China 1 375 0.3% 3 808 0.6% 5 561 1.1% 7 532 1.7% 5 883 1.5% + 3.2%

Turkey 71 029 15.0% 166 776 26.7% 101 474 20.0% 5 151 1.1% 3 571 0.9% - 19.6%

Other Destinations 105 494 22.3% 118 936 19.1% 97 736 19.2% 104 949 23.1% 86 561 21.5%

EXTRA EU 473 128 624 104 508 473 453 803 403 543

% change + 32% - 19% - 11% + 23.2%

2012 Jan-Sep 142013

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

20 November 2014

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

196 963121 506 184 753

542 150

646 012

633 396

1 227 806

927 618

1 059 672

0

200 000

400 000

600 000

800 000

1 000 000

1 200 000

1 400 000

Jan-Sep 12 Jan-Sep 13 Jan-Sep 14

1,00

0 E

UR

EU EXPORTS of Beef & Veal (1000 EUR)

Russia Hong Kong Lebanon Ghana Turkey Other destinations

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

69 412 49 23687 768

12 14219 022

40 032

172 580

206 333

218 468

383 602

327 682

403 543

0

50 000

100 000

150 000

200 000

250 000

300 000

350 000

400 000

450 000

Jan-Sep 12 Jan-Sep 13 Jan-Sep 14

Tonn

es c

w

EU EXPORTS of Beef & Veal (Tonnes cwe)

Russia Hong Kong Lebanon Ghana Turkey Other destinations

20 November 2014

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

2013 |Jan14

2014

in Tonnes cwe

EU-28 Exports of BEEF products

LIVE ANIMALS FRESH FROZEN PREPARED OTHERS

T R A D E T R A D E E.U. E X P O R T S

B e e f P r o d u c t s

E.U. E X P O R T S

B e e f P r o d u c t s

20 November 2014

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

T R A D E T R A D E E.U. E X P O R T S

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

0

5 000

10 000

15 000

20 000

25 000

30 000

35 000

40 000

Jan

10

Mar

10

May

10

Jul 1

0

Sep

10

Nov

10

Jan

11

Mar

11

May

11

Jul 1

1

Sep

11

Nov

11

Jan

12

Mar

12

May

12

Jul 1

2

Sep

12

Nov

12

Jan

13

Mar

13

May

13

Jul 1

3

Sep

13

Nov

13

Jan

14

Mar

14

May

14

Jul 1

4

Sep

14

Fresh Bovine "Compensated" quarters

Fresh Bovine (un)-separated Forequarters

Fresh Bovine (un)-separated Hindquarters

Frozen Bovine "Compensated" quarters

Live Animals

TOTAL

20 November 2014

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

T R A D E T R A D E E.U. E X P O R T S

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 1

0M

ar

10

Ap

r 1

0M

ay

10

Jun

10

Jul 1

0A

ug

10

Se

p 1

0O

ct 1

0N

ov

10

De

c 1

0Ja

n 1

1F

eb

11

Ma

r 1

1A

pr

11

Ma

y 1

1Ju

n 1

1Ju

l 11

Au

g 1

1S

ep

11

Oct

11

No

v 1

1D

ec

11

Jan

12

Fe

b 1

2M

ar

12

Ap

r 1

2M

ay

12

Jun

12

Jul 1

2A

ug

12

Se

p 1

2O

ct 1

2N

ov

12

De

c 1

2Ja

n 1

3F

eb

13

Ma

r 1

3A

pr

13

Ma

y 1

3Ju

n 1

3Ju

l 13

Au

g 1

3S

ep

13

Oct

13

No

v 1

3D

ec

13

Jan

14

Fe

b 1

4M

ar

14

Ap

r 1

4M

ay

14

Jun

14

Jul 1

4A

ug

14

Se

p 1

4

Live animals

Fresh Bovine meat

Frozen Bovine meat

Beef Offals

TOTAL

20 November 2014

T R A D E T R A D E E.U. E X P O R T S

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

621

.

1 05

2

.62

9

.2

015

.

3 11

2

.2

259

.

2 69

9

.2

760

.

2 06

1

.2

952

.

3 39

9

.3

834

.

6 55

2

.9

628

.

7 07

5

.7

576

.

6 09

6

.2

576

.

3 38

0

.4

416

.

8 02

6

.11

068

.7

263

.

6 50

3

.5

560

.

2 62

9

. 4 63

7

.2

152

.

868

.

974

.

596

.

388

.

204

.

414

.

205

.

215

.

199

.

42

.

192

.

231

.

276

.

153

.

103

.

166

.

160

.

355

.

708

.

559

.

405

.

3 34

8

.2

253

.

3 97

9

.1

563

.

3 25

9

.68

1

.1

548

.

1 11

5

.86

5

.1

030

.

1 99

5

.

5 16

1

.

1 74

7

.

3 20

6

.2

305

.

1 63

5

.2

016

.

1 43

5

. 1 35

0

.2

207

.

2 68

7

.1

998

.

2 03

0

.2

959

.

1 23

1

.3

805

.

3 60

5

.4

329

.

3 13

4

.3

717

.

1 99

5

.

2 09

8

.1

969

.

3 19

0

.3

373

.

4 75

2

.4

073

.

4 44

9

. 3 95

4

.4

885

.

5 96

7

.4

628

.

3 89

6

.3

765

.

3 57

0

.3

371

.

3 25

6

.3

889

.

3 75

1

. 4 34

0

.4

306

.

5 28

9

.6

954

.

5 88

4

.6

495

.

4 05

4

.3

171

. 5

738

. 4

292

.

3 82

0

.4

099

.

5 07

4

.3

746

.

3 70

5

.4

306

.

4 60

8

.5

934

.

3 82

2

.3

991

. 4

867

. 6

715

.

5 67

6

.4

527

.

4 67

7

.2

283

.

4 37

5

.5

163

.

4 80

5

.4

982

.

3 77

9

.4

636

.

4 87

8

.6

300

.

4 60

8

.5

321

.

4 10

4

.2

824

.

3 43

1

.0

.

0

.0

.

0

5 000

10 000

15 000

20 000

25 000

Jan

10

Mar

10

May

10

Jul 1

0

Sep

10

Nov

10

Jan

11

Mar

11

May

11

Jul 1

1

Sep

11

Nov

11

Jan

12

Mar

12

May

12

Jul 1

2

Sep

12

Nov

12

Jan

13

Mar

13

May

13

Jul 1

3

Sep

13

Nov

13

Jan

14

Mar

14

May

14

Jul 1

4

Sep

14

Nov

14

To

nn

es

CW

E

.

EU-28 Exports of LIVE Bovine Animals(Source COMEXT - Tonnes cwe)

Turkey Algeria Lebanon Other

20 November 2014

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

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

2010 2011 Compared

tonnes % tonnes % tonnes % tonnes % tonnes % to Jan-Sep 13

Brazil 145 105 38.2% 126 142 39.1% 126 927 41.3% 145 969 43.6% 106 713 43.3% + 0.3%

Uruguay 67 160 17.7% 51 936 16.1% 52 579 17.1% 51 612 15.4% 37 830 15.3% - 8.0%

Argentina 80 186 21.1% 62 705 19.4% 51 697 16.8% 47 935 14.3% 30 853 12.5% - 14.0%

Australia 13 810 3.6% 18 278 5.7% 21 311 6.9% 28 108 8.4% 24 696 10.0% + 23.4%

USA 15 308 4.0% 22 999 7.1% 21 097 6.9% 22 298 6.7% 17 223 7.0% + 4.3%

New Zealand 13 712 3.6% 15 471 4.8% 15 377 5.0% 13 958 4.2% 11 868 4.8% + 1.6%

Namibia 13 571 3.6% 9 005 2.8% 8 848 2.9% 11 113 3.3% 7 140 2.9% - 12.4%

Switzerland 4 461 1.2% 5 661 1.8% 4 948 1.6% 4 286 1.3% 4 032 1.6% + 35.0%

Botswana 15 763 4.1% 980 0.3% 474 0.2% 6 280 1.9% 3 125 1.3% - 35.5%

Canada 716 0.2% 917 0.3% 826 0.3% 975 0.3% 651 0.3% - 2.8%

Ukraine 0 0.0% 0 0.0% 0 0.0% 0 0.0% 570 0.2% +++

Chile 2 441 0.6% 2 254 0.7% 1 710 0.6% 538 0.2% 558 0.2% + 21.1%

Russia 41 0.0% 100 0.0% 72 0.0% 150 0.0% 467 0.2% +++

Serbia 1 127 0.3% 789 0.2% 742 0.2% 618 0.2% 328 0.1% - 32.7%

Norway 293 0.1% 263 0.1% 150 0.0% 201 0.1% 232 0.1% + 103.7%

N.det.Extra 34 0.0% 5 0.0% 1 0.0% 0 0.0% 100 0.0% +++

Iceland 203 0.1% 399 0.1% 241 0.1% 196 0.1% 89 0.0% + 2.1%

Other Origins 5 980 1.6% 4 617 1.4% 387 0.1% 234 0.1% 255 0.1%

EXTRA EU 379 910 322 521 307 388 334 472 246 730

% change - 15% - 5% + 9% - 1.2%

2012 Jan-Sep 142013

20 November 2014

OriginsOrigins

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

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

91 994 106 413 106 713

40 02441 124 37 830

38 90535 892 30 853

27 451

29 774 29 415229 125

249 729 246 730

0

50 000

100 000

150 000

200 000

250 000

300 000

Jan-Sep 12 Jan-Sep 13 Jan-Sep 14

InTonnes

cwe

IMPORTS of Beef & Veal into EU (Tonnes cwe)

Brazil Uruguay Argentina Australia USA Other origins

413 002 430 739 445 743

214 573 212 030 220 869

309 835 285 783 275 006

84 368 111 368 134 188

151 016 142 030149 907

1 289 046 1 304 0761 354 863

0

200 000

400 000

600 000

800 000

1 000 000

1 200 000

1 400 000

1 600 000

Jan-Sep 12 Jan-Sep 13 Jan-Sep 14

in 1000EUR

IMPORTS of Beef & Veal into EU (1000 EUR)

Brazil Uruguay Argentina Australia USA Other origins

20 November 2014

T R A D E T R A D E E.U. I M P O R T S

B e e f P r o d u c t s

E.U. I M P O R T S

B e e f P r o d u c 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

2013 |Jan14

2014

in Tonnes cwe

EU-28 Imports of BEEF products

FRESH FROZEN PREPARED OTHERS20 November 2014

452403

446401

436 429398

491 513 529565

513556

395431

379324 307

249

1 263

1 1711 120

825

1 028

736

598 598

481455

352292

248292

249

487

636

519

328

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-Sep13

1000 Tonne

IMPORTS EXPORTS

452403

446401

436 429398

491 513 529565

513556

395431

380323 307

334

247

1 263

1 1711 120

825

1 028

736

598 598

481455

352292

248292

249

473

624

508454

404

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 2013 Jan-Sep14

1000 Tonne

IMPORTS EXPORTS

Trade balance of 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

20 November 2014

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

EXCHANGE RATE INDEX / Euro

Main Trading Partners

EXCHANGE RATE INDEX / Euro

Main Trading Partners

BRL US$

I

Mar-94Apr-94May-94Jun-94

1994 Jul-94 1.21616Aug-94 1.12659Sep-94 1.10281Oct-94 1.05929Nov-94 1.08000Dec-94 1.03347

I Jan-95 1.02803Feb-95 1.06736Mar-95 1.07356Apr-95 1.17287May-95 1.21342Jun-95 1.14041

1995 Jul-95 1.22457Aug-95 1.24742Sep-95 1.20568Oct-95 1.23442Nov-95 1.26013Dec-95 1.25452

I Jan-96 1.23543Feb-96 1.20976Mar-96 1.24358Apr-96 1.24129May-96 1.22590Jun-96 1.21718

1996 Jul-96 1.24052Aug-96 1.27467Sep-96 1.29136Oct-96 1.29280Nov-96 1.29687Dec-96 1.31559

I Jan-97 1.28422Feb-97 1.23507Mar-97 1.20849Apr-97 1.22182May-97 1.20734Jun-97 1.23322

1997 Jul-97 1.22431Aug-97 1.16889Sep-97 1.18276Oct-97 1.21337Nov-97 1.22706Dec-97 1.26593

I Jan-98 1.24100Feb-98 1.24667Mar-98 1.22904Apr-98 1.23548May-98 1.25755Jun-98 1.30075

1998 Jul-98 1.26992Aug-98 1.29350Sep-98 1.29134Oct-98 1.38518Nov-98 1.43182Dec-98 1.38909

I Jan-99 1.42236Feb-99 1.97603Mar-99 2.12876Apr-99 2.00731May-99 1.78831Jun-99 1.80203

1999 Jul-99 1.84597Aug-99 1.90955

20 November 2014

60.0

80.0

100.0

120.0

140.0

I 2008 I 2009 I 2010 I 2011 I 2012 I 2013 I 2014 |

Index of monthly exchange rates of the main trading partners compared to the €uro

notification on the 1st of the monthJanuary 2008 = 100

Real US$ Ruble AUS$ CDN$

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

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

Chi

na +

H. K

ong

Chi

na +

H. K

ong

Uni

ted

Stat

es

Uni

ted

Stat

es

Japa

n

Japa

n

Mex

ico

(up

to A

ug)

Mex

ico

(up

to A

ug)

Sout

h K

orea

Sout

h K

orea

EU

EU

Can

ada

Can

ada

Rus

sia

(up

to A

pr)

Rus

sia

(up

to A

pr)

Chi

le

Chi

le

0

100

200

300

400

500

600

700

800

900

2013 (up to September) 2014 (up to September)

Qty

in 1

000 T

onnes

Main Importers of BEEF Products (up to September)

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)

20 November 2014

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. E X P O R T S

BEEF MAIN EXPORTERS

E.U. E X P O R T S

BEEF MAIN EXPORTERS

Source : GTA * Excl udi ng l i ve ani mal s (0102) , f ats, preparat i ons of several types of meat (0209, 0210 99 and 1602 90)

Aust

ralia

Aust

ralia

Uni

ted

Stat

es

Uni

ted

Stat

es

Bra

zil

Bra

zil

Indi

a (u

p to

Aug

)

Indi

a (u

p to

Aug

)

New

Zea

land

New

Zea

land

Can

ada

Can

ada

EU

EU

Uru

guay

(up

to A

ug)

Uru

guay

(up

to A

ug)

Para

guay

Para

guay

Arge

ntin

a

Arge

ntin

a

Chi

na +

H. K

ong

Chi

na +

H. K

ong

0

200

400

600

800

1 000

1 200

1 400

2013 (up to September) 2014 (up to September)

Qty

in 1

000 T

onnes

Main Exporters of BEEF Products (up to September)

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

20 November 2014

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

STEER PRICES

US & EU

STEER PRICES

US & EU

100

150

200

250

300

350

400

450

| 10 | 11 | 12 | 13 | 14 |

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

20 November 2014

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

ADULT MALE BOVINE PRICES

Brazil Argentina Uruguay EU

ADULT MALE BOVINE PRICES

Brazil Argentina Uruguay EU

20 November 2014

100

150

200

250

300

350

400

| Year2009

| Year2010

| Year2011

| Year2012

| Year2013

| Year2014

|

€uro

/ 10

0kg

Market prices for Adult Male Bovine in Brazil (Pecuaria.com.br), Argentina (abc Consort), USA and EU

EU Beef A/C R3 AVG Arroba do Boi (6 St) (Pecuària.com.br)

US Beef Omaha Carc (USDA) (abc-consort) Argentina Novillo

High Quality BeefImport QuotasHigh Quality BeefImport Quotas

20 November 2014

Hilton Quota Regulation (EU) N° 593/2013

Use Use Use

09.4001 Australia 2 250 0.0% 0.0% 0.0%09.4004 Argentina 200 33.57 16.8% 15.71 7.9% 2.24 1.1%09.4450 Argentina 30 000 24 336.10 81.1% 23 663.86 78.9% 8 461.80 28.2%09.4451 Australia 7 150 6 441.07 90.1% 7 138.89 99.8% 3 458.92 48.4%09.4452 Uruguay 6 300 6 289.20 99.8% 6 278.75 99.7% 2 105.22 33.4%09.4453 Brazil 10 000 2 977.93 29.8% 4 078.92 40.8% 3 281.65 32.8%09.4454 New Zealand 1 300 1 281.13 98.5% 1 299.61 100.0% 379.47 29.2%09.4002 Canada/US 11 500 432.44 3.8% 431.80 3.8% 212.96 1.9%09.4455 Paraguay 1 000 0.0% 0.0% 0.0%

Total Beef 67 250 41 757.87 62.1% 42 891.83 63.8% 17 900.02 26.6%Total Buffalo 2 450 33.57 1.4% 15.71 0.6% 2.24 0.1%Total 69 700 41 791.44 60.0% 42 907.54 61.6% 17 902.26 25.7%

* up to 31/10/2014

2012/2013 2013/2014 2014/2015*Quantity allocated

(Tons)

High Quality BeefImport QuotasHigh Quality BeefImport Quotas

20 November 2014

Quota ergaomnes Regulation (EU) No 481/2012

2012-Q3 2012-Q4 2013-Q1 2013-Q2 TOTALGatt 2012-2013 7 008 604 8 614 987 7 889 192 8 810 806 32 323 589 Available 9 825 000 12 050 000 12 050 000 12 050 000 45 975 000 Use 71.3% 71.5% 65.5% 73.1% 70.3%

2013-Q3 2013-Q4 2014-Q1 2014-Q2 TOTALGatt 2013-2014 10 190 908 10 493 437 10 349 842 10 304 157 41 338 344 Available 12 050 000 12 050 000 12 050 000 12 050 000 48 200 000 Use 84.6% 87.1% 85.9% 85.5% 85.8%

2014-Q3 2014-Q4 2015-Q1 2015-Q2 TOTALGatt 2014-2015* 11 811 589 6 350 248 - - 18 161 836 Available 12 050 000 12 050 000 12 050 000 12 050 000 48 200 000 Use 98.0% 52.7% 0.0% 0.0% 37.7%* Until 14/11/2014

Q3 Q4 Q1 Q2

-

2 000 000

4 000 000

6 000 000

8 000 000

10 000 000

12 000 000

14 000 000

Q3 Q4 Q1 Q2

Gatt 2012-2013 Gatt 2013-2014 Gatt 2014-2015*

Forecast SummaryForecast Summary

20 November 2014

2012 2013 2014 2015

BALANCE - 340 - 434 - 169 - 171

EU - CARCASS PRICES 2012 2013 2014 2015

Sources : EStat New Cronos, Member States

- 0.71%

- 0.66%

( 1000T )

EU.15 PRODUCTION

( 1000T )

EU.15 CONSUMPTION

311.6+ 0.63%

6 655

313.6

395.8

7 089

( €/100 kg )

- 2.39%- 1.82%7 263

+ 2.13%387.6

+ 10.8%

- 3.87%6 923

- 4.06%

( €/100 kg )

ADULT MALE BOVINES

COWS

6 890

7 059

379.8

292.9

+ 3.53%

- 0.43%

- 4.04%

- 6.59%+ 15.8%

+ 0.53%

- 3.24%

381.9

283.4

6 841

7 012