World beef market – Projections April 2024

In the latest projection published by the United States Department of Agriculture on the world meat market, the estimate of beef production has been revised, which has been reflected in new increases in exports, which will reach record levels. of 12.3 million tons. Production The main changes were introduced in Argentina and the United States, which will have falls compared to 2023, lower than what was calculated last January. Production would total 60.4 million tons of beef, 378 thousand tons above last year, with substantial increases in Brazil and Australia. China and India. The recovery of the livestock stock and the improvement in climatic conditions will be reflected in greater slaughter and an increase in the average weight of slaughtered cattle, which will result in Australia having an 8 percent increase in production. Brazil will reach more than 11 million tons, reducing the difference with the United States, which will continue to be the leading beef producer in the ...