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Global food prices are particularly sensitive to weather and government policy in a few key regions. This report highlights those locations and explores the relationship between wheat, corn, soybeans, pork, beef and poultry.
The cultivation of crops was the basis for the earliest societies. Through agriculture, producers first developed the concept of forward sales, and governments quickly learned the importance of food security.
In arid, populous countries like Egypt, state grain boards exist to import wheat(opens in a new tab) and provide subsidized bread. In China, the government's commitment to stockpiling is informed by several provinces’ experience of famine 65 years ago.
Russia’s invasion forced Ukraine to close Black Sea ports that had handled some 16% of global corn(opens in a new tab) exports. The subsequent price spike for many agricultural commodities showed the entire supply chain’s sensitivity to the price of corn, which serves as the main input for feeding livestock.
The Atlas of Food shows the changes to key trade flows, such as Ukraine’s supply of corn to China. It also represents the crop cycle in each month for the key producers, illustrating, for example, why traders pay such close attention to Brazil’s weather in April and May.
Demand for corn, as well as soybeans(opens in a new tab), has accelerated in response to the rising per capita consumption of proteins. People typically spend more on pork, beef and chicken as they become more prosperous. The feed conversion ratio for swine and cattle is higher than two – meaning that many pork producers need to give a pig at least 2 kg of feed to produce 1 kg of meat(opens in a new tab).
The Atlas of Food charts the recent price history for these key commodities, showing the interconnection between crops and the protein markets for which they are the main inputs. It also shows their sensitivity to government policies on the biofuel sector, where corn and soybean oil are key feedstocks.
Wheat is the world’s most important grain for human consumption. The Middle East and North Africa are supplied from the Black Sea.
Credits: Aditya Kondalamahanty and Vivian Iroanya
Design: CI Content Design
Published on: July 16, 2025
Wheat is the world’s most important grain for human consumption. It requires a temperate climate with moderate rainfall during the growing season from autumn to spring. In the months before it is harvested, temperatures should be around 20°C to 25°C.
Around 220 million mt of wheat was traded between countries in the 12 months to June 30, 2024. The five largest exporters – Russia, the EU, Australia, Canada and Ukraine – supplied the bulk of globally traded wheat. Trade is less concentrated on the import side, with the five buyers – Egypt, Indonesia, Algeria, the EU and China – accounting for 28%. Russia has been the world’s largest exporter of wheat since MY 2017-18. That followed a surge in production, with yields almost doubling between 2000 and 2017, as the country’s farmers applied the latest technology, including pesticides and sensor-equipped tractors. Russia’s share of exports has mostly continued to grow since then. Its most significant customer is Egypt, which captured 8.2 million mt in MY 2023-24, or roughly 3.7% of global trade. Over the past five years, Russia has consistently been the largest exporter of wheat to Egypt, averaging 6.72 million mt annually and accounting for more than half of Egypt's total wheat imports. Despite the ongoing Russia-Ukraine war, Egypt has increasingly relied on Russian wheat due to its competitive pricing and high quality compared to other global sources.
When the Russian government imposed an unofficial price floor to prevent the sale of low-priced wheat, Egypt faced some challenges in its procurement strategy in tenders. During this period, the Egyptian state, which buys half of the country’s wheat imports, sought alternative, cheaper sources from Ukraine, Bulgaria, and Romania. However, even with these challenges, Russia continues to be the most significant supplier of wheat to Egypt.
Wheat is processed into two main products: flour and bran. The milling process begins with cleaning the wheat grains to remove impurities, followed by conditioning to ensure optimal moisture content. The grains are then ground into flour, separating the endosperm from the bran and germ. The main products derived from this process are flour for human consumption, and bran, commonly used as animal feed.
In the European market, a significant portion of wheat is also allocated for biofuel production, in countries like Germany and France, where sustainability initiatives have increased the demand for biofuels.
Egypt imports about 12 million mt of wheat annually for flour processing. The imports are split evenly between the state and private sectors. The state imports wheat to subsidize flour for Baladi bread, a staple for most Egyptians, while private importers cater to various sectors: about 15% for flour exports, 33% for industrial uses like pasta and biscuits, and 53% for bakeries and direct consumers.
When milling one metric ton of wheat, a privately owned mill in Egypt produces around 720 kg of flour and 280 kg of bran. In contrast, state-owned mills, which focus on Baladi bread, achieve a higher extraction rate of 870 kg of flour.
Alongside bran, lower protein wheat plays a crucial role in animal feed. It is an important component due to its high energy content and digestibility, making it a valuable ingredient in livestock diets like poultry and swine, as it supports growth and development during critical stages. For example, young chicks and piglets benefit from wheat's energy-dense properties, promoting healthy growth and weight gain. In some countries, such as Indonesia 2.6 million mt is utilized for this purpose.
France is the largest wheat producer in the EU. France's wheat processing is pivotal for domestic use in flour milling, animal feed, starch and gluten manufacturing, and alcohol production, including bioethanol.
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Corn is the world’s most widely produced crop. Most of it is used for feeding livestock. In a normal year, the US is the largest exporter.
Credits: Samyak Pandey, Victor Pereira de carvalho
Design: CI Content Design
Published on: July 16, 2025
Global trade of corn is more diversified than for soybeans, the other key input for most animals. China produces 300 million mt of corn compared with less than 20 million mt of soybeans, so is a far less significant importer.
A wider pool of key exporters – the US, Brazil, Argentina and Ukraine – have a greater choice of customers, including Mexico, the EU, Japan and South Korea.
Large-scale cultivation of corn requires more fertilizer than soybeans.
As with other crops, Brazil’s share of trade has trended higher as farmers bring more land into cultivation and improve yields.
The flow of US corn to Mexico is the market’s most significant trade route, capturing 24.5 million mt in MY 2023-24 (September-August) or roughly 13% of global trade. Over the past five years, the US has consistently been the largest exporter of corn to Mexico, averaging 20 million mt and accounting for over 90% of Mexico’s total corn imports.
Brazil overtook the US as the world’s top corn exporter in MY 2022-23 for only the second time in history. The first being 2012-13 due to a U.S. drought. Mexico has increasingly relied on US corn due to its proximity, tariff-free access under the USMCA, and Mexico’s drought-driven demand for feed corn.
In recent years, as Brazil captured new markets like China with competitive pricing, Mexico faced occasional supply pressures from US planting declines and a strong dollar. During these periods, Mexico explored alternative sources like Argentina and Brazil, but the US remained the dominant supplier due to logistical advantages and established trade ties.
The European Union is the second-largest global buyer of corn, primarily sourcing around 55% of its total imports from Ukraine. The US is the second-largest supplier of corn to the European Union, accounting for about 17% of European imports. Asian countries including Japan, South Korea and China are also significant buyers of global corn exports. China is both the world’s second-largest corn producer and a key importer.
The harvest outlook for China in MY 2024-25 is projected at 295 million mt, second only to the US, which is expected to produce 378 million mt. However, for the 2024-25 crop year, China is forecasted to be the fifth-largest corn importer, purchasing 7.2 million mt. This volume is significantly lower than the average of the past five years, during which China imported around 20 million mt. If China meets its projected harvest of 295 million mt in MY 2024-25, it will mark the largest harvest ever recorded in the country, reducing its import needs.
Currently, China's record corn production was in the previous crop year, MY 2023-24, when the country produced 289 million mt.
Corn, also known as maize, is processed in two primary ways: wet milling and dry milling. In wet milling, corn is steeped in water and then separated into starch, fiber, protein (gluten), and oil. This process yields high-fructose corn syrup, corn oil, ethanol, and byproducts like corn gluten feed and meal.
In dry milling, commonly used in the US, corn is ground to produce ethanol, distillers dried grains with solubles (DDGS), and carbon dioxide. According to the USDA, nearly 40% of U.S. corn production is used to produce ethanol. The US is the world’s largest producer and exporter of corn and also dominates the global ethanol market, with Chicago serving as a key benchmark location for corn and ethanol pricing.
Brazil, another major player, uses corn increasingly for biofuel, particularly in its Center-West region, with support from RenovaBio.
For every metric ton of corn processed in dry milling in US, about 378 liters of ethanol, 17 kg of corn oil, and around 320 kg of DDGS are produced (USDA, 2024). DDGS are used in animal feed, adding value to the ethanol production chain.
This translates to approximately 29.8% of the corn mass going into ethanol, 1.7% into corn oil, and 32% into DDGS. The remaining 36.5% accounts for moisture loss, carbon dioxide released during fermentation, and other minor byproducts.
By comparison, milling one metric ton of corn in China typically yields about 650 kg of starch, 100 kg of corn oil, 200 kg of DDGS, and 50 kg of other byproducts, though exact ratios vary by mill efficiency.
These figures correspond to 65% starch, 10% corn oil, 20% DDGS, and 5% other byproducts.
The main products from corn processing are ethanol and DDGS. Ethanol is blended into gasoline for energy security and emissions reduction, mainly sold through refiners and fuel retailers. Pricing is market-based in the US, but government blending mandates influence demand.
DDGS are distributed through bulk transport and exported to markets like China and Vietnam.
Corn is also critical in animal feed. Its high energy content makes it a staple for poultry, hog (pork), and cattle (beef). It provides carbohydrates necessary for growth and weight gain, especially in the early stages of development.
Corn’s versatility extends beyond feed and fuel. Cornstarch thickens soups, HFCS sweetens sodas, and corn oil fries snacks.
Substitutes include sorghum, barley, and wheat, used depending on price and availability. Corn also appears in numerous everyday products cornstarch, sweeteners, cereals, and snacks demonstrating its vast implication in global food and energy systems.
An example of corn usage over time is the rapid increase in its utilization for ethanol in Brazil, as shown in chart above. In the MY 2012-13, production was nearly zero at 0.1 million mt, and it is expected that by the MY 2025-26, corn usage for ethanol will reach 20% of the total in the country.
The world’s main oilseed is processed to produce meal and oil. China’s crushing plants rely on supplies from Brazil and the US.
Credits: Desiré Sigaudo
Design: CI Content Design
Published on: July 16, 2025
Soybeans have a growing period of around four months and are more resilient to drought than corn and wheat.
Thanks to Brazil’s proximity to the equator, farmers in key regions can plant and harvest a corn crop and a soybean crop from the same field in a single year, a process known as double cropping.
In the fight for orders from China, these Brazilian farmers enjoy a cost advantage over counterparts the US Midwest, where the climate does not support double cropping.
Each year, these farmers must assign a field to either corn or soybeans, not both.
The land will usually yield a far bigger corn crop, but soybeans fetch a higher price by volume.
Farmers in this region therefore chose which of the two crops to plant based on the soybean-to-corn price ratio.
When the price of soybeans is 2.5 times the price of corn or more, farmers are expected to allocate a greater area of their farmland to soybeans in the next crop cycle, whereas when the ratio is 2.3 or less, farmers will make the opposite switch.
The most significant trade flow for soybeans is from Brazil to China, which represents over 40% of global trade in the oilseed. The soybean trade has grown sharply in recent marketing years. S&P Global Commodity Insights forecasts global exports for MY 2024-25 marketing year to reach a record high of 191 million mt, marking a 25% increase from MY 2017-18.
The 28 million mt increase was driven primarily by Brazilian soybeans, which accounted for 88% of the increase. Brazilian exports in 2024-25 are expected to be 43% higher than in 2017-18. To meet the rising international demand, Brazil has significantly expanded its planted area, experiencing the highest production growth among the top exporters.
In contrast, US soybean exports are expected to decline by 15% in 2024-25 compared to 2017-18, largely due to increased domestic crush driven by rising demand for soybean oil for renewable diesel, supported by policies like the Renewable Fuel Standard and the biodiesel blender’s tax credit.
About 86% of the global soybean harvest is processed by the crushing industry to extract soybean oil and soybean meal. The remaining 14% of soybeans grown worldwide are consumed directly as human food, animal feed, or seeds.
Historically, the value of soybeans has been primarily determined by its most significant byproduct: soybean meal. In 2000, soybean meal accounted for two-thirds of the value generated from crushing soybeans, while oil made up one-third. In recent years, however, oil has contributed about 45% of the value derived from soybean processing, nearing parity with meal.
On average, crushing soybeans yields 19% oil—significantly below the extraction rates of other oilseeds such as sunflower seed (42%) and rapeseed (41%). Soybean oil is in demand for both food and as a feedstock to produce biofuels.
China, the US, Brazil, India, and the European Union account for three-quarters of global soybean oil consumption, but they use it in different ways. While China and India use all soybean oil for food, the US, Brazil, and the EU split their consumption roughly equally between food and fuel. Overall, 78% of total soybean oil is used for food, while 22% serves as a feedstock for the biofuels industry.
Argentina is the largest exporter, while India is the largest importer.
In addition to oil, soybean crushing produces about 78% soybean meal. Soybean meal is the leading protein source used in the animal feed industry. The largest meat-producing regions are China, the US, the EU, and Brazil. While China, the US, and Brazil have sufficient crushing capacity to produce enough soybean meal to meet their domestic feed demands, the EU does not. As a result, the EU has become the world’s largest importer of soybean meal. Its primary supplier is Argentina—a country with significant crushing capacity, but relatively low domestic demand for soybean meal, due to its smaller population and meat industry compared with other major soybean-crushing nations.
With a crude protein content of 44-48%, soybean meal is rich in amino acids and serves as an excellent complement to lower-protein feed components such as corn. Soybean meal is highly digestible for monogastric animals, such as pigs and chickens, which contributes to its widespread use across various livestock sectors. Globally, the poultry industry is the largest consumer of soybean meal, followed by the pork, cattle (both dairy and beef), and aquaculture industries.
The US, Brazil and the EU lead exports for chicken, beef and pork, respectively
Animal feed is the end purpose for much of the world’s grain and meal, and growing prosperity has accelerated consumption of beef, pork and poultry.
Beef is typically more expensive than pork and chicken. In Australia, cattle must be fed 6 kg of feed and fodder to add 1 kg in weight. That multiple, known as the feed conversion ratio, is around two for pork in Spain and chicken in Brazil.
Of the three proteins, poultry often has the most consolidated supply chains with many of the largest processors also producing feed. For pork and beef, where animals the age at harvest is significant, the cattle cycle plays out over several years, magnifying supply and demand imbalances. Finally, cows, pigs and chickens are all sensitive to disease, and China’s outbreak of African swine fever constrained demand for feed for several years.
Chicken is the most traded protein globally and the second most produced. The US contributes over 20% of worldwide poultry production, yet it consumes more than 85% of its total output. Brazil ranks as the third-largest poultry producer, following China, and the leading exporter, responsible for 35% of total chicken exports in 2024.
The poultry production cycle spans approximately 45 to 50 days from hatching to harvest. Feed constitutes the largest production expense, accounting for nearly 70% of total costs, depending on the region. Typically, chicken feed in Brazil consists of 56%-60% corn and 30%-35% soybean meal.
Frozen cuts dominate chicken exports, with Brazil's most traded product being boneless chicken breasts, primarily imported by Saudi Arabia, Mexico, the UAE, and the EU. Boneless chicken legs are also significant, with Japan importing 50% of the total.
Poultry serves as a crucial source of animal protein in many regions and remains the world’s most affordable protein option. In Brazil, per capita poultry consumption in 2024 was 45.1 kg/hab, while in the US, it exceeded 54 kg/hab annually, largely due to a significant reduction in beef supply, which has shifted domestic demand toward chicken. Asian countries, such as Japan and China, consumed 23.6 kg and 10.67 kg/hab, respectively. The EU also plays a notable role in consumption, with an average of 23.3 kg/hab in 2024.
Brazil’s exports to China are the most significant trade flow in the global poultry market, representing 4% of global exports, according to USDA data. China imported 562,200 mt in 2024, down 17.6% from 2023, accounting for 11% of Brazilian exports that year.
China imports a range of chicken cuts from Brazil, with over 40% consisting of chicken wings and another 30% made up of chicken feet and paws, according to the Brazilian Association of Animal Protein.
This trade flow has undergone significant changes in recent years. From 2018 to 2021, Brazilian chicken imports to China grew at an average rate of 14.5%, driven by increased demand due to a pork supply shortage amid African Swine Fever. However, following the recovery from ASF, China's domestic chicken production increased, leading to reduced pressure on imports from Brazil.
In 2023, China's chicken production was heavily impacted by Highly Pathogenic Avian Influenza, coinciding with a dramatic reduction in imports from the US and Thailand. This situation enhanced Brazil's importance as a supplier, resulting in a 26.4% increase in imports from Brazil. However, as China stabilized its production, Brazilian exports to China fell by 17.8% in 2024 compared to 2023.
Breeders are maintained by chicken processors. Once eggs hatch, chicks receive vaccinations before being sent to integrated growers for 30-45 days of feed supplied by the processor. Once reaching the desired processing weight, the chickens are returned to the processing facility for slaughtering and inspection. The meat is processed into various cuts or sold as whole chickens. The meat is packaged at the processor's facility and distributed to export or domestic markets.
Pork is the world’s most produced, and second most traded meat. Asia accounts for more than half of global pork production, yet it remains the world's largest importer, consuming over 60% of global supply. Europe is the second-largest pork-producing region but, unlike Asia, it is a net exporter. In contrast, regions such as the Middle East consume very little pork due to religious restrictions.
Producing pork at scale depends on several critical factors. Feed, which accounts for 60%-70% of production costs, must be both accessible and of high quality. Animal health is also essential—preventing diseases like African Swine Flu with strong veterinary care, vaccinations, and biosecurity safeguards productivity. While domestic demand drives industry growth, access to global markets enhances resilience. Diversified market access allows exporters to reduce waste and losses by commercializing all parts and cuts of the pork. In frozen form, the most heavily traded cut is the pork belly.
Vertical integration, as practiced in countries such as Spain, enhances efficiency and traceability across the entire supply chain—from the typical six-month growing cycle of pigs to the commercialization of fresh and frozen meat and byproducts.
In Spain, pigs are typically sent to abattoir at the age of six months, with corn, feed wheat, barley, and soybean meal each providing around a quarter of the feed. In China, more soybean meal and corn are used in place of wheat and barley.
Pork is a key source of animal protein across many regions, particularly in East Asia, parts of Europe, and the Americas. In China and South Korea, per capita consumption stands at 40.2 kg and 41.4 kg, respectively. European countries, such as Spain and Poland, report some of the highest levels, at 56.2 kg and 53.6 kg per capita, according to the FAO. In the Americas, pork also plays an important dietary role, with the US consuming 29.6 kg per capita and Mexico 21.8 kg.
The most significant trade flow for pork is from Spain to Japan. Japan has maintained a consistent import volume, averaging 1.4 million mt from 2017 to the present. In 2023, Japan imported 164,000 mt of pork from Spain, which accounts for 32% of Japan’s total pork imports, according to the Agriculture & Livestock Industries Corp.
The pork trade flow from 2017 to the present has been dynamic.
When China experienced an ASF outbreak in 2018, it resulted in significant pork supply shortages and price increases within the country, prompting higher import volumes. At its peak in 2020, China imported about 5.2 million mt of pork, accounting for 41% of the total pork exported in global trade. However, China's pork imports eventually subsided to about 1.3 million mt in 2024.
On the exporter side, following the peak of the ASF crisis, most major exporters except Brazil experienced a decline in export volumes. Brazil maintained steady growth and surpassed Canada to become the third-largest exporter in 2024, following the EU and the US. In 2024, Brazil exported about 1.53 million mt and gained a larger share of the Southeast Asian market from its competitive pricing.
The growth cycle of pigs from birth to market size takes about six months. During the first week of life, piglets are entirely dependent on their mother’s milk, with colostrum intake being crucial for building their immunity during the first three weeks.
As they are weaned at three to four weeks, piglets transition from their mother’s milk to solid feed, which requires careful management to ensure their health and minimize stress. After weaning, piglets enter the four- to 10-week growing phase, during which they grow rapidly, to reach 10-25 kg. During this stage, they are introduced to starter feeds that are high in protein and receive regular health checks to prevent disease.
Pigs in the finishing phase are provided a balanced diet to optimize their growth, reaching market weights of 100-120 kg. As they approach market readiness, pigs undergo quality grading before being transported to market facilities for further processing.
Seasonality also influences pig growth. Pigs tend to grow faster during the warmer months of spring and summer, as higher temperatures promote better feed intake and digestion. Conversely, pigs may experience slower growth during fall and winter. Lower temperatures can reduce feed intake, as pigs often expend more energy to maintain body temperature. Additionally, growth can be hindered further if housing conditions are not optimal or if health challenges arise from colder weather.
Seasonal fluctuations influence global pork demand due to cultural practices, festivals, and economic factors. In Asia, holidays such as Lunar New Year and Mid-Autumn Festival are associated with popular pork dishes, while in Europe, demand peaks during Christmas and other festive seasons. A country’s economy also plays a key role in pork consumption, as pork tends to be more expensive than chicken.
Disease, particularly ASF and FMD, remains the most disruptive factor in the pork supply chain. When a disease outbreak occurs, it disrupts production practices, leads to trade restrictions, increases production costs, raises mortality rates, and undermines market confidence, all of which negatively affects pork supply and demand.
The global beef trade is shaped by a network of production surpluses, consumption trends, and trade dependencies. Key producers include the US, which accounts for 20% of global beef production; Brazil, 19%; and China, 13%, according to USDA data for 2024.
Brazil’s increased export capacity gives it a dominant role in global trade, supplying beef to markets that cannot meet domestic demand even amid strong production, such as the US and China. USDA data showed that Brazilian beef exports accounted for 28% of global trade, followed by Australia, 14%, and India, 12%.
Among key consumers, the US, China, and the EU have strong domestic beef markets. However, some of the world’s largest importers, notably China, Japan, South Korea, the US (despite being a top producer), and countries in the Middle East, rely heavily on imports to meet the growing preferences of consumers, changing dietary habits, and the limitations of domestic production. This dependency underpins the necessity for a robust, responsive, and globally interconnected beef trade network.
In 2024, the average beef consumption in Australia is projected at 26.9 kg per capita. Domestic utilization accounts for 30% of total beef production, with the remainder directed to exports. Australian cattle are primarily grass-fed, then grain-finished in feedlots, where their stay ranges from 30 to 600 days, depending on their market destination. Cattle destined for the domestic market typically spend up to 100 days in feedlots, while those for export generally remain longer. The feed composition comprises 70%-80% grain, supplemented with cottonseed, silage, molasses, straw, vegetable oil, and mineral/vitamin premix. Among the most traded products is the 90CL lean beef trimmings, primarily exported to the US for hamburger production.
Several interlinked variables drive global beef prices. Among the primary price influencers are feed costs, global supply and demand balances, climate patterns, trade access, currency fluctuations, and geopolitical stability.
Feed—especially corn and soybean meal—represents one of the most significant cost components in beef production. Therefore, rising feed prices often translate into higher beef prices. In Brazil, about 70% of beef cattle production comes from animals finished on grass, but climate risks, pasture conditions and phytosanitary diseases tend to be greater in Brazilian beef production. This factor brings greater competitiveness in beef prices compared with other suppliers, attracting many buyers due to greater affordability.
Tariffs, quotas, and sanitary trade barriers have increasingly come to the forefront as influential price levers. Countries aiming to protect domestic producers or control market exposure often impose tariff rate quotas, set minimum price thresholds, or enact technical barriers to trade. For instance, China has frequently adjusted its import licensing, while the EU maintains strict sanitary and quality standards under its Common Agricultural Policy. The US limits imports of Brazililan beef to 65,000 mt/year.
In recent years, protectionist policies and non-tariff barriers have tightened global supply routes, making certain markets more volatile. These restrictions not only distort price parity among suppliers but also prompt sudden shifts in trade flow. For example, when Indonesia reduced quotas for Indian buffalo meat in favor of diversified suppliers, it opened short-term windows for Brazil and Australia to expand their reach. Similarly, the US-China trade dispute disrupted bilateral beef flows, causing ripple effects across the global supply chain.
The most substantial trade flow in the global beef market is from Brazil to China. According to Brazil’s Foreign Trade Agency, Brazil exported 1.32 million mt of beef to China in 2024, making it the largest bilateral trade route for beef globally. Given that Brazil’s fresh, chilled, and frozen beef exports in 2024 were 2.54 million mt, exports to China represented about 52% of exports. While exact global trade volumes vary, this flow constitutes a significant portion of the international beef trade.
Over the past decade, Brazil has consistently held the position of the world’s largest beef exporter, but its export volume has seen significant growth, rising 27% in 2024 compared with 2023. China has emerged as the dominant importer, with its beef imports from Brazil increasing correspondingly, due to two key factors:
A calf remains with its mother until its eighth month, when it reaches about 195 kg. The weaning process begins in the ninth month. By the 18th month, the calf turns into a steer at about 300 kg. When the steer reaches 375 kg, it is considered ready to be finished by grass or grain feed. In Brazil, the finishing period is usually made up of 85% grass-fed and 15% grain-fed.
When cattle are ready to be harvested, they are considered finished steers, with an idela weight of 540 kg or more. The ideal processing period is about seven to 10 days after it is bought by a beef packer, but it depends on the plant’s harvest schedule.
Once the animal is harvested and dressed, the carcass should spend one day in the cold storage/chamber for inspection and sanitary maturation. The period from beef packing and distribution to the final destination depends on the location of the beef plant.
The chart shows the process from the finishing period to the final consumer.
Rising disposable incomes in East Asia have driven the surge in meat consumption over the last two decades. This has amplified demand for feed grains because the feed conversion ratio for pigs, cattle and chicken is greater than one.
Some developed economies, such as the UK, have seen meat consumption decline as higher costs pushed people to opt for lower-cost alternatives, but growing prosperity across larger populations in Asia has still lifted aggregate global demand. The UN estimates that global consumption of beef, poultry and pork averaged 44 kg per person in 2024.
The supply outlook is less clear, given diseases capable of eliminating herds and flocks from entire regions as Brazil’s poultry exporters experienced briefly in July 2024.
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