ANALYSIS: El Niño Intensifies, What It Means for Brazil's Meat and Feed Macro Ingredient Markets
The National Oceanic and Atmospheric Administration (NOAA), through its Climate Prediction Center (CPC), issued a September 10 bulletin — tracked by Brazil's National Meteorological Institute (INMET) — showing an El Niño that has moved from La Niña conditions in January to a "very strong" event in under nine months, one of the fastest El Niño-Southern Oscillation (ENSO) reversals on record. The Niño 3.4 index, the standard reference region for ENSO strength, reached +1.8°C in the latest...
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