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Post forecasts Argentine 2022 beef exports at 630,000 tons carcass weight equivalent (cwe), the lowest volume since 2019.
Post projects 2020 Argentine chicken meat production at 2.3 million metric tons, up very slightly from 2021 levels.
Wheat production in marketing year (MY) 2021/22 is projected at a record 20.8 million tons, 300,000 tons higher than USDA Official.
As countries roll back COVID-19 restrictions, foreign market demand for beef is becoming a bright spot for U.S. producers.
With the MY 2020/2021 harvest season almost complete, Post lowers its soybean production estimate 500,000 tons, to 44.5 million metric tons (MMT), 2.5 MMT below USDA Official.