Brazil: Livestock and Products Semi-annual
Post forecasts both beef and pork production to continue to increase in 2016 to 9.6 million metric tons and 3.6 million metric tons, respectively. The increase in production is mostly driven by higher exports due to the depreciation of the Brazilian currency. In the domestic market, both animal proteins are suffering the impact of the current economic recession in the country and reduced purchasing power of consumers. Higher feed costs will likely reduce profitability in 2016.
