Argentina: Livestock and Products Annual

Argentine cattle stock, cattle slaughter, beef production, consumption and export volumes are all forecast to remain practically unchanged in 2023. China is expected to continue as the main export destination, potentially accounting for more than 70 percent of the 770,000 tons carcass weight equivalent (CWE) projected exports. Despite strong global beef demand and good prices, current, government imposed, export restrictions are projected to prevent Argentina from shipping larger volumes. These restrictions are scheduled to last until the end of 2023, although there are some current talks between the government and the industry to relax some export restrictions. High global beef prices in 2022 have put Argentina on track to achieve record exports in terms of value, but not in terms of volume.