Brazil: Livestock and Products Annual

Brazil is the third-largest cattle producer and second-largest beef exporter in the world. Post forecasts decreased slaughter in 2025, due to the forecasted start of the reversion of the cattle cycle. Producers are likely to start retaining cattle in 2025, driving calf prices upwards. Record beef exports are forecasted for 2024 and 2025. In 2025, domestic consumption is forecasted to decrease, as producers will prioritize exports due to strong external demand, devalued local currency, and challenges faced by foreign competitors. The swine industry is forecasted to have increases in production and slaughter both in 2024 and 2025. As a result, Post forecasts pork production, domestic consumption, and exports to increase in 2024 and 2025.