Brazil: Livestock and Products Semi-annual
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Brazil is the second largest beef producing country and the largest beef exporting country in the world. Post expects decreased slaughter in 2025, due to the forecast start of the reversion of the cattle cycle. Producers are likely to begin holding cattle from the market in 2025, driving calf prices upwards. Record beef exports are forecasted for 2025. Domestic consumption is forecasted to decrease, as producers will prioritize exports, driven by strong external demand, devalued local currency, and challenges faced by foreign competitors. The swine industry is expected to increase in both production and slaughter in 2025. As a result, Post forecasts increased pork production, stable domestic consumption, and record exports in 2025.