Source: Tom Johnston, MEATINGPLACE, 8/3/17


The FAO Meat Price Index averaged 175.1 points in July, virtually unchanged from June, as higher international prices for sheep meat offset price decreases in the bovine, pig and poultry sectors. Beef prices fell as increased domestic supplies in the United States caused weaker import demand. And while global pig and poultry markets remained well-supplied, international prices could have declined further if not for strong consumer demand.

Sheep meat prices rose for the fourth consecutive month, reflecting reduced export supplies from Oceania.

At this level, the index is 8.2 percent above July 2016 and 17.4 percent below its peak reached in August 2014.

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