Full steam ahead for Brazilian beef and pork production
Our fifth most read story related to Brazil, and a USDA outlook report.
Higher feed prices and export market uncertainty connected to the ongoing coronavirus – or COVID-19 – outbreak in China are not dampening export market expectations for beef and pork producers in Brazil, found the report.
"Despite the current logistical problems with the ports and the internal transportation system in China, Brazil’s beef exports soared to China during Jan-Feb 2020. Brazilian packers also expect higher beef exports to China throughout the year due to the continued problems derived from the outbreak of African Swine Fever [in China] and higher demand for beef.”
Beef production in Brazil is anticipated to increase by 3.4% while pork production is predicted to expand by 4.5%, with the growth in production supported by export and domestic demand, wrote the USDA.
