For the Quarter Ending September 2025
North America
• In United States, the Beef Price Index rose quarter-over-quarter in Q3 2025, supported by strong retail sales.
• Beef production costs increased, influenced by a 2.6% rise in Producer Price Index in August 2025.
• The Beef demand outlook was mixed, with robust retail sales but declining consumer confidence in September 2025.
• Consumer Price Index increased 3.0% year-over-year in September 2025, eroding consumer purchasing power.
• A 4.3% unemployment rate in September 2025 bolstered consumer income, supporting overall Beef demand.
• Wholesale electricity prices were projected to increase in 2025, raising Beef processing costs.
• Manufacturing output expanded in Q3 2025, while inventories shrank, indicating some supply tightness.
• Industrial production showed a modest 0.1% year-over-year increase in September 2025, suggesting sluggish economic growth.
Why did the price of Beef change in September 2025 in North America?
• Rising production costs, indicated by a 2.6% Producer Price Index increase in August 2025, pressured Beef prices.
• Strong consumer retail sales, up 5.42% in September 2025, supported robust demand for Beef products.
• Declining consumer confidence in September 2025, coupled with 3.0% CPI, tempered discretionary spending.
APAC
• In China, the Beef Price Index fell quarter-over-quarter in Q3 2025, driven by weak consumer demand and falling producer prices.
• The Beef Price Forecast suggests pressure from contracting manufacturing activity and low consumer confidence in Q3 2025.
• Beef Production Cost Trend was impacted by producer prices falling 2.3% year-over-year in September 2025, reducing input costs.
• The Beef Demand Outlook remained weak in Q3 2025, as consumer prices declined 0.3% year-over-year in September 2025.
• Overall domestic demand in China remained subdued during Q3 2025, affecting consumer spending on premium Beef.
• Consumer confidence, at 89.6 in September 2025, indicated pessimism, dampening discretionary Beef spending.
• Retail sales grew 3.0% year-over-year in September 2025, but the Manufacturing Index contracted, signaling economic slowdown.
• Industrial production expanded 6.5% year-over-year in September 2025, offering some counter-balance to bearish indicators.
• China's exports showed strong year-over-year growth in September 2025, contributing to a record trade surplus.
Why did the price of Beef change in September 2025 in APAC?
• Weak consumer demand, with CPI down 0.3% year-over-year in September 2025, pressured Beef prices.
• Falling producer prices, down 2.3% year-over-year in September 2025, lowered Beef production costs.
• Contracting manufacturing activity and low consumer confidence in Q3 2025 dampened overall Beef demand.
Europe
• In Germany, the Beef Price Index remained stable quarter-over-quarter in Q3 2025, influenced by mixed economic signals.
• Beef production costs decreased, with the Producer Price Index falling 1.7% year-over-year in September 2025.
• Consumer purchasing power for beef was reduced by a 2.4% year-over-year CPI increase in September 2025.
• Industrial Production declined 1.0% year-over-year in September 2025, indicating weaker economic conditions impacting demand.
• The Manufacturing Index contracted in Q3 2025, suggesting overall economic weakness and reduced consumer confidence.
• Retail sales increased modestly by 0.2% year-over-year in September 2025, showing limited growth in consumer spending.
• Stabilizing consumer confidence in Q3 2025, with expected income increases, offered cautious support against price declines.
Why did the price of Beef change in September 2025 in Europe?
• Lower producer costs, evidenced by a 1.7% PPI decrease in September 2025, supported stable beef pricing.
• Reduced consumer purchasing power due to a 2.4% CPI increase in September 2025 dampened beef demand.
• Contracting Manufacturing Index in Q3 2025 and 1.0% industrial production decline weakened economic sentiment.
