S&P Global Commodity Insights Introduces Fresh Platts Price Assessments for Poultry and Beef

Platts, a division of S&P Global Commodity Insights, has launched new bulk-market price assessments for poultry and beef across the Americas, Asia, and the Middle East. These daily assessments mark an expansion of S&P Global Commodity Insights’ coverage in agriculture markets, reinforcing its position as a leading independent provider of information, data, analysis, benchmark prices, and workflow solutions for commodities, energy, and energy transition markets.

The introduction of these new price assessments is part of the newly launched Platts Protein Daily, which will also feature news, insights, and market fundamentals relevant to these assessments.

Piero Carello, Global Pricing Director for Agriculture & Food at S&P Global Commodity Insights, expressed enthusiasm about this expansion into proteins, introducing seven new price assessments. These assessments aim to enhance transparency across the animal feeds sector, integrating grains and oilseeds, and providing comprehensive cross-market insights and fundamentals for the first time.

The Platts Protein Daily includes the following global suite of poultry and beef price assessments:

  • Platts US Chicken Marker (USCM): Daily value in US dollars per metric ton ($/mt) of chicken leg, free carrier (FCA) basis, at the port of Savannah, Georgia, USA.
  • Platts Chicken Leg CFR North Asia: Daily value in $/mt of chicken leg delivered to North Asia, Tokyo port, Japan, cost and freight (CFR) basis.
  • Platts Chicken Breast CIF Middle East: Daily value in $/mt of chicken breast delivered to the Middle East, Jebel Ali port, UAE, cost, insurance, and freight (CIF) basis.
  • Platts Chicken Leg FCA Brazil: Daily value in $/mt of chicken leg, free carrier (FCA) basis, at the port of Paranagua, Brazil.
  • Platts Brazil Beef Marker (BBM): Daily value in US dollars per metric ton ($/mt) of eight cuts of beef (including chuck ribs, chuck roll, chuck tender, neck, oyster blade, shoulder blade, brisket, and shin), free carrier (FCA) basis, at Santos, Brazil.
  • Platts 90CL Beef CIF US: Daily value in $/mt of manufacturing beef, 90% chemical lean (90CL), deboned, boxed, and frozen, cost, insurance, and freight (CIF) basis, Philadelphia, Pennsylvania, USA.
  • Platts 90CL Beef FCA Australia: Daily value in $/mt of manufacturing beef, 90% chemical lean (90CL), deboned, boxed, and frozen, free carrier (FCA) basis, Brisbane, Australia.

Dave Ernsberger, Head of Market Reporting & Trading Solutions at S&P Global Commodity Insights, highlighted the rising per-capita consumption of proteins and emphasized their commitment to providing essential pricing information and analytics to meet market demands. The forecasts indicate significant growth in global chicken and beef production by 2029, driven by increasing demand and consumption trends across various regions.

The new price assessments are intended to benefit stakeholders throughout the agriculture supply chain, including farmers, producers, traders, processors, and end-users, by providing reliable and up-to-date market information.

For more detailed information on the protein price assessments and methodologies, please refer to Platts specifications and methodology guidelines. Platts Protein Daily can be accessed through S&P Global Commodity Insights products, platforms, and services, including S&P Global Commodity Insights Live and Platts Connect.

S&P Global Commodity Insights has a robust history of more than 15 years in covering agriculture markets, including a suite of established assessments and benchmarks in grains, oilseeds, vegetable oils, animal feed, and plant protein markets. For further information on S&P Global Commodity Insights’ offerings in proteins and agriculture, visit their agribusiness industry solutions page.

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