Beef: Brazil should produce 7% more in 2023

Published Sep 11, 2023

Tridge summary

Brazil has seen an 8.4% increase in the volume of slaughtered beef cattle between January and June 2023 compared to the same period in 2022. This reflects the investments made in beef cattle farming between 2020 and 2021. However, domestically, there are challenges in the market, such as low purchasing power for segments of the population and increased levels of indebtedness. This has led to drops in retail prices for beef, but caution is needed to avoid oversupply and maintain marketing margins.

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

Original content

In the results of investments made in beef cattle farming, between 2020 and 2021, there is already an 8.4% increase in the volume of animals slaughtered in Brazil, from January to June 2023 in relation to the same period in 2022, according to IBGE (Brazilian Institute of Geography and Statistics). The slaughtered animals now began to be produced in that period (2020/21) and today we have the reflection of this productive increase on supply. Already considering seasonality, the reduction of investments in confinement operations for the second half of the year, the conservative projection is an increase of almost 7% for Brazilian beef production in 2023. Confirming the numbers, this would lead to an offer of 9 .6 million tons to be absorbed both domestically and by our international customers. Internally, we have enormous market challenges. The purchasing power of classes C, D and E, which returned to levels seen in 2010, is one of them. Despite unemployment at 8% and at civilized ...

Source: Beefpoint