Brazil: Livestock and Products Annual

Post forecasts an increase in cattle production by 2.8 percent in 2022 and one percent in 2023, driven by global demand, elevated beef prices, and a general trend of expansion in the sector. Nevertheless, increasing production costs, especially feed prices, inflation, and unstable weather are expected to pose challenges to cattle ranchers. Beef production is expected to increase due to higher prices and strong global demand. In 2022, Post expects beef exports to increase by 27 percent, and by one percent in 2023, while domestic beef consumption should remain stable in 2022, and increase one percent in 2023. The swine sector is expected to reduce its animal stock in 2022 and 2023, with increasing slaughter rates. In 2022, Post forecasts a small decrease in pork production due to challenges of unfavorable weather and elevated production costs, especially feed costs, while in 2023 production should increase by two percent, reaching 4.4 million tons (CWE), and pork exports should rise three percent.