Beef market trends

During the first quarter of 2022, the beef producer price price was 0.77% higher compared to the previous quarter and 6.98% higher than last year the same time, according to AMT.

Based on historic trends, the price can trend downward over the coming quarter.

  • A2/3 – The price was 3.57% higher compared to the previous quarter and 12.07% higher than last year the same time. Based on historic trends, the price can trend upward over the coming quarter.
  • C2/3 – The price was 1.38% higher compared to the previous quarter and 5.81% higher than last year the same time. Based on historic trends, the price can trend downward over the coming quarter.

Supply

The slaughtering index declined over the last three years, but seasonality indicates that the slaughter numbers can increase over the rest of this year. The average carcass mass is expected to increase.

Beef imports declined in comparison to the levels in 2021 with exceptionally low import volumes in the first quarter of 2022.