Brazilian livestock market experiences record growth, with slaughter, exports, and domestic consumption on the rise

Published 2024년 11월 18일

Tridge summary

The Brazilian livestock market is currently experiencing a period of growth, with price increases and accelerated production due to robust domestic and international demand. Beef consumption remains strong despite high prices, and exports have reached record highs, with China being the largest buyer and the United States and Arab countries also increasing their purchases. The number of animals slaughtered in Brazil has also increased, leading to a growth in beef production. However, researchers caution that this upward cycle may eventually reverse, and producers need to maintain productivity at competitive levels.

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Original content

The Brazilian livestock market is experiencing a period of euphoria, with constant price increases and an accelerated production pace, according to an analysis by researchers at Cepea (Center for Advanced Studies in Applied Economics) at Esalq/USP. For about three months, prices for all categories of animals – steers, females and replacements – have been rising, reflecting robust demand in both the domestic and foreign markets. Exports reached historic records in September and surpassed these figures in October, while the price of meat continues to rise, which should continue to boost exports. In the domestic market, despite the high prices, beef consumption in Brazil remains firm. The price of bone-in meat in wholesale in Greater São Paulo reached, in November, the highest value recorded in the last 3.5 years. According to Cepea, the price of a beef carcass, which was quoted at R$23.43/kg in cash on Wednesday, November 13, registered an appreciation of almost 7%. Beef and heifer ...

Source: Portal Do Agronegocio