BEEF & VEAL MARKET SITUATION "Single CMO" Management Committee 22 May 2014.
Review of the situation on the EU Beef and Veal Market
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"Single CMO" Management Committee 20 September 2010 Review of the situation on the EU Beef and Veal Market
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Review of the situation on the EU Beef and Veal Market. " Single CMO " Management Committee 20 September 2010. EU exports of beef and live animals (1): Trade figures (COMEXT – tonnes cwe). Destinations. EU exports of beef and live animals (2): Trade figures (COMEXT). - PowerPoint PPT Presentation
Transcript of Review of the situation on the EU Beef and Veal Market
"Single CMO" Management Committee 20 September 2010
Review of the situation on the EU Beef and Veal Market
DG AGRI, European Commission – 20 September 2010 2
Percentual change in Adult Cattle SlaughterPeriod: Jan - July Year: 2010 / 2009
-25.0%
-12.5%
0.0%
12.5%
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 September 2010 3
Change in Veal Slaughter(Calves & Young Cattle)
Jan. - July 2009 / Jan. - July 2010
0,000
15,000
30,000
45,000
60,000
75,000
90,000
105,000
120,000
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
Jan. - July. '09
Jan. - July. '10
DG AGRI, European Commission – 20 September 2010 4
EU exports of beef and live animals (1):Trade figures (COMEXT – tonnes cwe)
Destinationstonnes % tonnes % tonnes % tonnes % tonnes %
Russia 145 342 49.7% 87 277 35.2% 102 368 35.1% 50 660 20.4% 49 664 26.2%Switzerland 10 162 3.5% 14 457 5.8% 25 965 8.9% 19 061 7.7% 13 846 7.3%Croatia 9 723 3.3% 16 460 6.6% 19 919 6.8% 24 905 10.0% 11 765 6.2%Ivory coast 4 938 1.7% 6 949 2.8% 8 969 3.1% 13 380 5.4% 6 600 3.5%Angola 8 628 3.0% 11 087 4.5% 7 775 2.7% 7 488 3.0% 1 932 1.0%Nigeria 172 0.1% 16 174 6.5% 2 265 0.8% 167 0.1% 54 0.0%
EXTRA EU 25/27 292 382 247 730 291 622 248 199 189 547
% change - 15% + 18% - 15% + 37.5%
2006 2007 2008 Jan-Jul 102009
DG AGRI, European Commission – 20 September 2010 5
EU exports of beef and live animals (2):Trade figures (COMEXT)
EU EXPORTS of Beef & Veal ( 1000 EUR)
110 840 75 708 97 537
50 09242 664
54 841
38 26348 565
40 782
140 678 148 110
190 895349 423 346 753
458 530
050 000100 000150 000200 000250 000
300 000350 000400 000450 000500 000
J an- J ul 08 J an- J ul 09 J an- J ul 10
1,00
0 EU
R
Russi a Swi t zer l and Cr oat i aAl ger i a Lebanon Ot her dest i nat i ons
EU EXPORTS of Beef & Veal ( Tonnes cwe)
60 20829 497
49 664
16 061
11 121
13 846
9 562
14 247
11 765
74 268
75 308
93 627
163 929
137 902
189 547
020 00040 00060 00080 000100 000120 000140 000160 000180 000200 000
J an- J ul 08 J an- J ul 09 J an- J ul 10
Tonn
es c
w
Russi a Swi t zer l and Cr oat i aAl ger i a Lebanon Ot her dest i nat i ons
DG AGRI, European Commission – 20 September 2010 6
Exports of BEEF products
0
5 000
10 000
15 000
20 000
25 000
30 000
35 000
40 000
|J an06
2006 |J an07
2007 |J an08
2008 |J an09
2009 |J an10
in T
onne
s cw
e
LI VE ANI MALS FRESH FROZEN PREPARED OTHERS
DG AGRI, European Commission – 20 September 2010 7
EU exports of beef and live animals (3):Licence applications for exports with refunds (tonnes cwe)
0
20000
40000
60000
80000
100000
120000
140000
160000
180000
Live animals Fresh beef Frozen beef Offal Tinned beef
2004/05
2005/06
2006/07
2007/08
2008/2009
Jul 10 - Aug 10
Evolution per category (tonnes cwe) Evolution in export structure (% share)
0%
20%
40%
60%
80%
100%
2004/05 2005/06 2006/07 2007/08 2008/09 2009/2010 Jul 10 -Aug 10
Live animals Fresh beef Frozen beef Offal Tinned beef
Live animals
Fresh beef
Frozen beef
Offals Tinned beef
Total
1 950 7 652 2 781 0 0 12 383
3 547 14 128 9 298 0 0 26 973Jul 10 - Aug 10
Jul 09 - Aug 09
DG AGRI, European Commission – 20 September 2010 8
tonnes % tonnes % tonnes % tonnes % tonnes %
Brazil 331 762 64.7% 363 839 65.4% 171 454 43.4% 149 007 34.6% 84 051 36.7%Argentina 82 865 16.1% 97 656 17.6% 92 924 23.5% 122 494 28.4% 51 804 22.6%Uruguay 45 350 8.8% 39 544 7.1% 66 402 16.8% 79 144 18.4% 45 401 19.8%New Zealand 7 195 1.4% 5 756 1.0% 12 455 3.2% 15 783 3.7% 9 609 4.2%USA 956 0.2% 2 746 0.5% 6 547 1.7% 9 609 2.2% 7 591 3.3%Botswana 7 118 1.4% 13 929 2.5% 10 395 2.6% 11 452 2.7% 7 962 3.5%Namibia 8 063 1.6% 10 467 1.9% 10 348 2.6% 12 457 2.9% 8 041 3.5%Australia 12 366 2.4% 10 019 1.8% 12 957 3.3% 16 937 3.9% 6 673 2.9%Switzerland 1 979 0.4% 2 855 0.5% 2 919 0.7% 4 394 1.0% 2 396 1.0%Serbia 1 912 0.4% 2 324 0.4% 1 784 0.5% 990 0.2% 641 0.3%Chile 2 036 0.4% 2 844 0.5% 2 550 0.6% 3 158 0.7% 706 0.3%
EXTRA EU 25/27513 160 556 024 395 063 431 182 229 232
% change + 8% - 29% + 9% - 9.7%
2006 2007 2008 Jan-Jul 102009
EU imports of beef and live animals (1):Trade figures (COMEXT – tonnes cwe)
Origins
DG AGRI, European Commission – 20 September 2010 9
EU imports of beef and live animals (2):Trade figures (COMEXT)
I MPORTS of Beef & Veal i nt o EU ( Tonnes cwe)
115 84582 751 84 051
45 11952 639 45 401
47 59470 767
51 804
19 953 25 83031 695
242 783253 966
229 232
0
50 000
100 000
150 000
200 000
250 000
300 000
J an- J ul 08 J an- J ul 09 J an- J ul 10
I nTonnes
cwe
Br azi l Ur uguay Ar gent i naAust r al i a New Zeal and Ot her dest i nat i ons
I MPORTS of Beef & Veal i nt o EU ( 1000 EUR)
322 062240 511 273 599
194 488185 057 172 964
270 671317 069 281 191
75 568 98 304 139 160
930 939936 598 941 470
0100 000200 000300 000400 000500 000600 000700 000800 000900 0001 000 000
J an- J ul 08 J an- J ul 09 J an- J ul 10
i n 1000EUR
Br azi l Ur uguay Ar gent i naAust r al i a New Zeal and Ot her dest i nat i ons
DG AGRI, European Commission – 20 September 2010 10
I mpor t s of BEEF product s
0
10 000
20 000
30 000
40 000
50 000
60 000
|J an06
2006 |J an07
2007 |J an08
2008 |J an09
2009 |J an10
in T
onne
s cw
e
FRESH FROZEN PREPARED OTHERS
DG AGRI, European Commission – 20 September 2010 11
EU beef imports from BrazilTrade figures (COMEXT data – tonnes cwe)
0
5 000
10 000
15 000
20 000
25 000
30 000
35 000
40 000
Jan
05
Feb
05
Mar
05
Apr
05
May
05
Jun
05
Jul 0
5
Aug
05
Sep
05
Oct
05
Nov
05
Dec
05
Jan
06
Feb
06
Mar
06
Apr
06
May
06
Jun
06
Jul 0
6
Aug
06
Sep
06
Oct
06
Nov
06
Dec
06
Jan
07
Feb
07
Mar
07
Apr
07
May
07
Jun
07
Jul 0
7
Aug
07
Sep
07
Oct
07
Nov
07
Dec
07
Jan
08
Feb
08
Mar
08
Apr
08
May
08
Jun
08
Jul 0
8
Aug
08
Sep
08
Oct
08
Nov
08
Dec
08
Jan
09
Feb
09
Mar
09
Apr
09
May
09
Jun
09
Jul 0
9
Aug
09
Sep
09
Oct
09
Nov
09
Dec
09
Jan
10
Feb
10
Mar
10
Apr
10
May
10
Jun
10
Jul 1
0
Fresh Boneless
Frozen Boneless Other
Corned Beef
Prepared Cooked Bovine
TOTAL
DG AGRI, European Commission – 20 September 2010 12
452403
446401
436 429 398
491 513 529565
513556
395431
229
1 263
1 1711 120
825
1 028
736
598 598
481 455
352292
248292
248190
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 J an-J ul 10
1000 Tonne
I MPORTS EXPORTS
EU net import of beef and live animals
DG AGRI, European Commission – 20 September 2010 13
Evolution in EU carcass prices (1):Carcasses of adult male bovines (A/C price – €/100 kg cw)
% change y/y : % change y/y :Price in week 36 : 314.6
141.5%% Reference Price in week 36 :+ 1.7%
Average price in August 2010 : 312.2+ 0.8%
222
245
267
289
311
334
1 5 9 13 17 21 25 29 33 37 41 45 49 53
€/100 kg cwe
100%
110%
120%
130%
140%
150%
2003-2007 Avg 2008 2009 2010
% of Reference Price
DG AGRI, European Commission – 20 September 2010 14
Evolution in EU carcass prices (2):Young bull carcasses (A R3 – €/100 kg cw)
314.32 310.89% change y/y : + 0.2% % change y/y : - 0.8%
Price in week 36 : Average price in August 2010 :
275
300
325
350
1 5 9 13 17 21 25 29 33 37 41 45 49 53
2003-2007 Avg 2008 2009 2010
DG AGRI, European Commission – 20 September 2010 15
Evolution in EU carcass prices (3):Steer carcasses (C R3 – €/100 kg cw)
307.77 309.24% change y/y : + 2.6% % change y/y : + 2.8%
Price in week 36 : Average price in August 2010 :
260
280
300
320
340
360
1 5 9 13 17 21 25 29 33 37 41 45 49 53
2003-2007 Avg 2008 2009 2010
DG AGRI, European Commission – 20 September 2010 16
Evolution in EU carcass prices (4):Cow carcasses (D O3 – €/100 kg cw)
235.12 234.92% change y/y : + 3.3% % change y/y : + 1.0%
Price in week 36 : Average price in August 2010 :
200
210
220
230
240
250
260
270
1 5 9 13 17 21 25 29 33 37 41 45 49 53
2003-2007 Avg 2008 2009 2010
DG AGRI, European Commission – 20 September 2010 17
Evolution in EU carcass prices (5):Heifer carcasses (E R3 – €/100 kg cw)
322.81 318.19% change y/y : + 5.4% % change y/y : + 4.0%
Price in week 36 : Average price in August 2010 :
290
300
310
320
330
340
1 5 9 13 17 21 25 29 33 37 41 45 49 53
2003-2007 Avg 2008 2009 2010
DG AGRI, European Commission – 20 September 2010 18
Evolution in EU prices for live bovines (1)Male store cattle (6-12 months; ≤ 300 kg – €/100 kg live weight)
211.66 209.32% change y/y : + 1.7% % change y/y : - 0.7%
Price in week 36 : Average price in August 2010 :
190
200
210
220
230
240
1 5 9 13 17 21 25 29 33 37 41 45 49 53
2003-2007 Avg 2008 2009 2010
DG AGRI, European Commission – 20 September 2010 19
Evolution in EU prices for live bovines (2)Male calves aged between 8 days and 4 weeks (€/head)
190.87 206.65% change y/y : + 7.8% % change y/y : + 13.2%
Price in week 36 : Average price in August 2010 :
140
160
180
200
220
240
260
1 5 9 13 17 21 25 29 33 37 41 45 49 53
2003-2007 Avg 2008 2009 2010
DG AGRI, European Commission – 20 September 2010 20
Evolution in EU prices for live bovines (3)Butchers calves (€/100 kg cw)
509.30 494.84% change y/y : + 1.1% % change y/y : + 0.8%
Price in week 36 : Average price in August 2010 :
400
450
500
550
600
650
1 5 9 13 17 21 25 29 33 37 41 45 49 53
2003-2007 Avg 2008 2009 2010
DG AGRI, European Commission – 20 September 2010 21
Theoretical EU averageMargin Calculation for young bull production fed on basis of
a ratio of Cereals, Soja and Compoundfeed
0
50
100
150
200
250
300
350
2002 2003 2004 2005 2006 2007 2008 2009 01 02 03 04 05 06 06 07 08 09 10 11 12
€uro
/ 100
kg
Margin Feedcost Price of A.R3 average margin '02 - 09
