USDA: Mixed global 2023 trade outlook for beef, pork, and chicken meat

Brazil beef exports are forecast higher on tighter exportable supplies from its major competitors, Argentina and Uruguay, which will support growing shipments to China. Brazil pork exports are forecast higher on price competitiveness and increased opportunities in China, Chile, and Japan as these markets reduce imports from the EU. Brazil chicken meat exports are forecast to rise due to its role as a supplier of a wide range of products to an array of markets. Brazil exportable supplies will be buoyed by moderately lower feed prices. Beef and Veal Global production is forecast virtually unchanged in 2023 at 59.1 million tons as falling U.S. production offsets increases in Australia, Brazil, China, and India. Outside the United States, beef production is forecast to increase 1 percent as elevated global beef prices induce more slaughter. Greater feed availability and improved pastures in Australia will support heavier carcass weights, boosting production by 10 percent. Brazil ...