Argentina: Livestock and Products Semi-annual

Argentine beef exports in 2024 are projected up at 920,000 tons carcass weight equivalent, 20,000 tons higher than USDA official. This is a result of larger beef output than earlier projected as the cattle herd is revised upwards because the 2023 calving season produced better results than estimated earlier. Cattle slaughter in 2024 is forecast at 13.5 million head, 500,000 more than USDA official estimates. China is expected to remain the top destination for Argentina’s beef exports in 2024 with over 70 percent of its exports destined there. Domestic consumption decreased 8 percent from 2023 as the economy continues to struggle with high inflation and eroded purchasing power of salaries.