USDA forecasts decline in global beef production by 2025

This is according to the latest report from the United States Department of Agriculture (USDA), which indicates that after five years of uninterrupted growth, reaching a record production of 61.4 million tons this year, the cycle change that many international analysts have already been anticipating is finally taking place. In the case of Brazil, the first significant drop in production in ten years is expected, with a reduction of 100 thousand of the 500 thousand additional tons that it is bringing to the market this year, and will go from 11.85 million this year to 11.75 million expected for 2025. The reduction of its livestock stock for the second consecutive year generates limitations that will force it to slightly moderate its export expansion. In the case of the European Union, a reduction of 100 thousand tons of production to 6.5 million is also expected, although with a much smaller impact overall in the face of an increasingly restricted production sector. The big shift ...