Cattle slaughter in Brazil grows by 8% in the third quarter of 2022

Published 2022년 11월 8일

Tridge summary

In the third quarter of 2022, Brazil saw an 8% quarterly and 14% annual increase in cattle slaughter, reaching 5.994 million. Despite this, the average price per arroba fell by 3%. Beef exports hit a record high of 574 thousand tons, with China being the main market, accounting for 70% of exports. Domestic consumption remained stable but is expected to rise in the second half of the year due to seasonal demand and the soccer World Cup.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Porto Alegre, November 8, 2022 – In the third quarter of 2022, 5.994 million head of cattle were slaughtered in Brazil, an increase of 8% compared to the second quarter and 14% in the annual comparison, according to information released by Minerva Foods in the publication Sector Overview. The high growth in slaughter is an indication of the reversal of the bovine cycle in the country, increasing the number of animals ready for slaughter. The average price per arroba (Boi Gordo ESALQ/BM&F indicator for the State of São Paulo) was R$313.7/@, down 3% in the quarterly comparison. In dollars, the average price of cattle in the quarter was US$ 4.0/kg, a decrease of 10% compared to 2Q22. External market Brazilian beef exports reached 574 thousand tons in 3Q22, an expansion of 24% compared to the previous quarter and 7% in the annual comparison. The volume exported in the quarter was a record for the period, confirming the strong seasonality of demand that marks the second half of the ...

Source: Safras