Brazil: Cattle supply grows, and exports are recorded, but the weak sales in BR pressures value

Even in the face of strong increases in production costs over the last few years, the national livestock sector continued to invest in the field, which resulted in an increase in the supply of animals for slaughter in 2022 – confirmed by IBGE slaughter numbers. Exports continued to be intense throughout the year, especially to China, with monthly volumes reaching over 200,000 tons in August and September, which already guaranteed a record in annual shipments. Domestic demand, however, was still well below expectations for the sector. Remembering that, of the meat produced in Brazil, about 75% is destined for the domestic market. In view of this, after consecutively renewing real record levels in 2019, 2020 and 2021, average prices for live cattle ...