World Meat Market Review: February 2025

Beef:

Global beef EXPORT prices are expected to rise , driven by supply constraints, strong demand and expanding trade. US prices are expected to remain elevated due to tight supplies, while the upward trend in Brazil is fuelled by growing international demand. Favourable global supply conditions are expected to support high Australian beef prices. In the European Union ( EU ) , price increases will be supported by strong domestic and export demand.

 Bird:

US poultry prices are likely to remain high despite export restrictions due to the spread of avian influenza and tariff policy uncertainty. Brazilian export prices are forecast to remain stable, supported by strong global demand and favourable market conditions. In the EU, poultry prices are expected to remain stable, supported by robust domestic demand.

Pork:

U.S. pork prices are expected to remain stable, supported by a balanced global supply and demand situation despite record high production and export volumes. In Brazil, strong global demand and a diversified export base will keep pork prices high. Meanwhile, EU pork prices are likely to remain low, although a negative production outlook could lead to a rebound in the near term as supplies tighten.

Lamb:

New Zealand lamb export prices are expected to remain strong, driven by tight supplies and a strategic shift towards higher value markets in Europe and North America, reducing export reliance on CHINA . In Australia, lamb prices are forecast to rise modestly, supported by strong demand from key markets in North America, China and the Middle East.