Beef exports from Brazil are expected to reach record highs in both 2024 and 2025 amid strong demand from overseas buyers, a weakened local currency, and 鈥渃hallenges鈥 expected from rival exporting countries. That鈥檚 according to an attach茅 report from the USDA office in Brazil.
Brazil, the world鈥檚 largest beef exporter, will ship a carcass weight equivalent of 3.575 million metric tons of meat this year. The agency says that will rise to 3.6 million tons in 2025. Exports account for 30 percent of all beef production in the South 果冻直播 country.
鈥淎 relevant element that鈥檚 working in favor of the increased Brazilian beef production is that its main competitors, including the U.S., EU, and Argentina, are forecast to scale back beef production in 2024, opening up opportunities for Brazil,鈥 USDA says.
Slaughter is forecast to reach 48 million head in 2024 before dropping to 47.5 million head the following year.
