Brazil: Estimates point to an increase in domestic beef meat availability

Published Jun 20, 2024

Tridge summary

From April to May, the domestic beef market saw an 11.6% increase in volume, reaching 613.54 thousand tons in May, the highest since 2018. Between January and May, the total volume was approximately 2.972 million tons. Despite strong export performance, domestic demand lagged behind supply, causing cattle prices to drop and meat prices to decrease, though meat prices fell less sharply than cattle prices.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The volume of beef available on the domestic market increased again from April to May, a period considered “end of harvest”. According to calculations carried out by Cepea – based on its own production estimates and official export and import data – 613.54 thousand tons of meat were available at national wholesale in May, an increase of 11.6% compared to the estimate for April. Check out hot information about agriculture, livestock, economy and weather forecast in the palm of your hand: follow Canal Rural on WhatsApp! In the balance of the year (from January to May), domestic availability is the highest for the period since 2018, totaling around 2.972 million tons. Cepea researchers indicate that the falling cattle prices throughout the year make it ...
Source: CanalRural
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