Brazil: Livestock and Products Annual

The Brazilian economy is slowly recovering from the negative impacts of the COVID pandemic on its GDP growth, employment rates, and in most sectors of the economy. Post forecasts cattle production will increase one percent in 2023, reaching 48.5 million head of cattle and decrease by four percent in 2024. Cattle slaughter rates are forecasted to increase in 2023 and 2024. Beef production is forecasted to increase eight percent in 2023 and two percent in 2024. Brazil will remain as the world`s largest exporter of beef, exporting 3.35 MMT CWE in 2023 and 3.40 MMT CWE in 2024, which accounts for 30 percent of Brazil`s production. Post forecasts a five percent increase in swine production in 2023 and 2024, stimulated by record crops for corn and soybean. Post forecasts pork production to increase seven percent in 2023 and five percent in 2024. Pork consumption will increase as a result of increased availability. Post forecasts exports to increase eight percent in 2023 and seven percent in 2024.