agri benchmark Beef and Sheep Network provides a set of annual (calendar year) global Producer Price Indices for finished cattle, weaner cattle, lambs and sheep meat.
With 34 countries included for cattle and 16 for sheep, covering the vast majority of global production, the agri benchmark Global and Country Producer Price Indices a) reflect the structure of beef and sheep prices in producing countries which are not within of the main exporters such as the US, Brazil, China or Oceania (sheep meat), b) represent what the medium and small producer countries actually produce, c) reflect country-specific drivers of prices such as policy interventions and supply / demand changes in major producing and consuming countries and d) allow easy comparison (benchmarking) of livestock prices between countries.
All indices are calculated on the basis of the Laspeyres approach, which has been modified by using production quantity weights. The animal category that represents the bulk of each country’s beef (sheep meat) output is used. The Indices of finished animals (finished cattle, lambs and lambs and sheep) are calculated on carcass weight prices, while the Weaner Cattle Price Index uses live weight prices. A detailed analysis of the index methodology can be found in a journal paper entitled:
Introducing the World’s First Global Producer Price Indices for Beef Cattle and Sheep
A detailed analysis of the index methodology and trends in global, regional and some major country producer price changes over the past 20 years for cattle and sheep, can be found in a journal paper entitled: These global livestock price indices complement the FAO Export Meat Price Indices, which are measures of the internationally traded meat prices, using export prices for selected volume trades from major exporters, weighted with the average export shares, also using a base of 2014-2016.
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Infographic - Global Producer Price Indices for Beef Cattle and Sheep
(pdf, 1.153 KB)
Requests by non-network partner bodies for country level tools and background data should be directed to agri benchmark Network at isam.almadani@agribenchmark.net