Brazil: Livestock and Products Semi-annual
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Post forecasts that the cattle herd will grow at three percent in 2021, and beef production is also forecast to increase three percent, reaching 10.4 million tons Carcass Weight Equivalent (CWE). Post forecasts beef consumption for 2021 at 7.725 million tons (CWE), which is a one percent increase from 2020. Post forecasts a two percent increase in the pig crop and three percent growth in domestic pork consumption. Pork production growth is forecast at three percent in 2021, reaching 4.25 million tons (CWE). Pork export are forecast to increase four percent in 2021. The Post cattle forecasts account for poor pasture conditions in the second half of 2020 due to an extended drought and the expectation of lower rainfall in the first quarter of 2021. Higher prices of animal feed for both cattle and swine are expected because of a spike in corn and soybean meal costs. High global meat demand, and a devalued Real support the forecast record exports, specially to China.
