Beef: Uruguay slaughters 667 thousand cattle heads in 2Q22

In the second quarter of 2022 (2Q22), Uruguay slaughtered 667 thousand heads of cattle, up 3% from the same period in 2021. According to information disclosed by Minerva Foods, the average price per animal was US$ 5.5/kg.

Uruguayan exports totaled 107 thousand tonnes in the second quarter of 2022, an expansion of 10% compared to 2Q2, which repeated similar levels from the previous quarter. Export revenue for the quarter reached US$789 million, up 44% year-on-year and up 9% when compared to 1Q22.

See below the track record of beef exports from Uruguay from January 2019 to June 2022. The chart below was done using data gathered by Datamar’s business intelligence team in the platform DataLiner.

Beef exports from Uruguay| Jan 2019 – Jun 2022 | TEUs

Source: DataLiner (click here to request a demo)

In the first six months of the year, Uruguay exported 215 thousand tonnes, an increase of 14% compared to the same period in 2021. Revenue in the period was US$ 1.5 billion, up 50% compared to 1H21. China remains the primary destination for Uruguayan beef, representing 58% of exports, followed by the USA, which represented 13% of exports, and the third destination, the Netherlands, represented 8% of total exports.

Source: Canal Rural

To read the full original article, please go to: https://www.canalrural.com.br/radar/carnes-abates-bovinos-no-uruguai-somam-667-mil-cabecas-no-2t22/

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