Brazil's December IPCA-15 inflation was driven by increases in the prices of rump, tenderloin, and pork, with a cumulative inflation rate of 4.71% since the start of the year. Beef prices are expected to rise by 8% in 2025 due to a decrease in female slaughter. Beef exports, mainly to China and the United States, are on the rise, making exports more attractive for meat producers and increasing domestic prices. Domestic consumption is expected to decrease as beef prices rise, with consumers likely to switch to cheaper proteins like chicken and pork. Poultry and egg prices are also expected to rise, while the profit margins for chicken and pork are expected to improve.