The weight of Brazil as a supplier of beef in the United States grows

The most recent data from the USDA indicate a great evolution of Brazil as a supplier of beef to the United States. From January to August of this year, Brazil was responsible for 16% of all beef imported into the United States. This percentage is well above the 6% for the same period last year. In the USDA assessment, Brazilian beef had a 91% increase in volume in the first eight months in the US market. Meanwhile, according to data from Abrafrigo (Brazilian Association of Meat Processors), which keeps the numbers up to September, Brazilian beef exports to the United States increased to 129,000 tons in the period, an annual increase of 57%. The United States bought 7.4% of the beef exported by Brazil this year, against 5.5% in the same period last year. On the other hand, US consumer confidence declined in October amid growing fears about inflation. The ...