Brazil Pork Exports Grow 7.3% in September

Brazil's pork export volume for September 2023 reached 120,400 tonnes, a 7% increase year-on-year, according to data from the Brazilian Animal Protein Association (ABPA). This marks the second-highest monthly export volume on record, following July 2023’s peak of 138,300 tonnes.

Export revenue rose at an even faster pace, jumping 16% to US $284 million, compared to $245 million in the same month last year. This is also the second-best revenue figure in history. The rise in average...

Low Production Costs Boost Brazil Meat Exports - SIAVS

Strong international demand for Brazilian meat has been driven by low production costs and most recently, by the Real’s 10% devaluation, according to traders at SIAVS, Brazil’s largest animal protein event. In 2022, Brazil had the lowest production costs of pork in the world at an average of US $1.20/kg for live pig, according to InterPIG.

Brazilian agricultural productivity grew by over 2% from 1971 to 2015, surpassing the global average of 1-2%. This growth is attributed to reforms in funding and pricing policies, subsidy cuts, and rural...

Growth Expected for Brazil's Poultry and Swine Exports in H2 2024 - SIAVS

Eduardo Giannetti, a Brazilian economist, opened Brazil’s largest animal protein event, SIAVS, which took place last week from 6 to 8 August in Sao Paulo. In his address, Giannetti stated that Brazil’s economic outlook for 2024 has been revised upwards, with growth now forecast between 2-3%, an increase from the initial estimate of 1.5%. This revision is largely attributed to the strong recovery in Rio Grande do Sul, which has exceeded expectations despite challenges including its worst recorded flood and a...

Brazil's BRF Temporarily Suspends Plant Operations after Fire

Brazilian food processor BRF temporarily suspended activities at its Carambei plant after a fire broke out in the early hours of Thursday, the company said in a securities filing.

The fire has been fully contained and no victims were reported, according to BRF. The company said it is still assessing the economic impact of the event and added that its insurance covers fires.

Five Suspected Newcastle Disease Cases Test Negative in Brazilian Poultry

On 21 July, the Minsitry of Agriculture and Livestock (MAPA) ruled out three potential new cases of Newcastle disease in poultry after testing additional samples taken from animals near where the first case was confirmed on 17 July. On 24 July, two further analyses of suspected cases within the Newcastle Disease protection zone revealed negative results.

"The negative results reinforce that the confirmed outbreak is an isolated sanitary event and that there are no signs of spread around the commercial farm where...

ANAlYSIS: Brazilian Beef Exports Reach Record Highs in H1 2024 Amid Currency Depreciation

Brazilian beef exports reached unprecedented volume in the first half of 2024, totaling 1,139,166 metric tons (MT), a substantial 29.1% increase from the 882,197 MT exported during the same period last year. Just in June, export figures hit 192,567 MT, reflecting a 9.2% decrease from May's 211,976 MT and nearly similar to the same period last year’s 192,688 MT, reflecting only a 0.1% drop.

China remains the top destination for Brazilian beef, absorbing nearly half of the total volume shipped in H1 2024...

ANALYSIS: Brazil's Beef Exports Reach Record Highs in May, China's Shares Decline

Brazil has achieved a historical record in beef exports as of May 2024, exporting an unprecedented 211,976 MT of beef. This represents an increase of 1.9% from the previous month and a surged 25.9% when compared to the same period last year. On a YTD basis, the total volume is up by 16.7%.

China remains the leading importer, purchasing 97,876 MT of Brazilian beef in May. However, this figure is slightly lower than April's 101,023 MT ,a 3.1% decrease,  and corresponds to an 11.8% decline compared...

American, Mexican, and Canadian Cattle Producers Sign Joint Statement Raising Brazilian Beef Concern

Today, leaders of the National Cattlemen’s Beef Association (NCBA), Confederación Nacional de Organizaciones Ganaderas (CNOG), and Canadian Cattle Association (CCA) signed a joint statement to continue advocating for greater oversight of emerging lab-grown proteins, protecting cattle from animal diseases, and promoting the sustainability of the cattle industry. This action builds on the recent statement signing with Cattle Australia and furthers the international partnerships between cattle producers.

“The signing of this joint statement is an important step that unites cattle producers across North America...

ANALYSIS: Brazilian Beef Export Volumes Show a Robust 25% Monthly Growth in April

Despite the general sentiment of a softened market from key export destinations for the Brazilian beef, exports in April demonstrated a significant upturn, with total fresh beef exports reaching 208,053 MT, a 25.1% increase from previous month’s 166,303 MT. The significant rebound in export figures from March have surprised some stakeholders given the persistent talk about a subdued demand and pressured prices. Particularly from the Chinese market, a major trading partner of Brazil.

April’s overall market undertone diverged by some means from the increased export figures...

Brazilian Feed and Animal Protein Industries Face Disruptions Amid RS Worst Flood in History

Recent catastrophic rainfall across Rio Grande do Sul (RS), has caused what some are referring to as the worst floods in the history of Brazils most southern state. The city of Porto Alegre recorded alarming numbers where in just three days, 260 mm accumulated, equivalent to more than two months of precipitation.

Approximately 534,000 homes and businesses are without electricity, according to the Ministry of Mines and Energy. The National Municipalities Confederation noted financial damages surpassing R$ 559.8 million (Approximately $110 million)​​... 

Brazil's Chicken Exports Hit Highs Despite YoY Drop and Stagnant Prices

In March 2024, Brazil's chicken meat exports reached a peak, totaling 418,100 tonnes. This volume marks the highest recorded for the year yet reflects an 18.8% decrease from March 2023's unprecedented 514,600 tonnes.

Revenue from chicken exports also declined by 23.4% year-on-year, from $980.5 million to $751.3 million. Domestically, prices paid to chicken producers has remained stubbornly low over the past six months, ranging from approximately R$ 7.20/kg in October 2023 to R$ 7.32/kg as of March 2024, according to...

ANALYSIS: South American Beef Exporters Diversifying Beyond China In 2024

As we approach the end of the first quarter of 2024, a subtle yet discernible trend is emerging among major South American beef exporters, particularly Brazil and Uruguay. These countries are showing a tendency towards exploring attractive markets for their beef exports. This strategy doesn't signify a major shift away from China, remaining as the world's largest beef consumer, but rather an adaptive response to diversify their export destinations.

This trend becomes evident when analyzing the beef export data up to February 2024 (frozen, fresh or chilled)...

Another 38 Brazilian Slaughterhouses Can Export Meat to China

Number of license issuances in a single advertisement is the highest ever recorded in history

In the year in which Brazil celebrates 50 years of diplomatic relations with China, another 38 Brazilian meat processing plants were authorized to sell meat to the Asian country, according to a statement from the General Administration of Customs of China (GACC) sent to the Ministry of Agriculture and Livestock (Map) this Tuesday ( 12) .

38 licenses were granted, including eight chicken slaughterhouses, 24 cattle slaughterhouses, a beef thermoprocessing establishment and five...

ANALYSIS: South American Beef Exporters Diversifying Beyond China In 2024

As we approach the end of the first quarter of 2024, a subtle yet discernible trend is emerging among major South American beef exporters, particularly Brazil and Uruguay. These countries are showing a tendency towards exploring attractive markets for their beef exports. This strategy doesn't signify a major shift away from China, remaining as the world's largest beef consumer, but rather an adaptive response to diversify their export destinations.

This trend becomes evident when analyzing the beef export data up to February 2024 (frozen, fresh or chilled)...

ANALYSIS: January's Shifting Trends in Brazilian Beef Export Dynamics

The recently released  Brazilian export data for January unveiled significant shifts in the beef market, signaling a slightly broader diversification of Brazilian beef export destinations early this year.

While China remains the dominant player, its share saw a slight decline, as frozen boneless beef exports to China dropped by 11.8% from the same time of last year, amounting to a massive volume of 96,329 metric tons (MT) compared to 98,857 MT for the previous January, aligned with a 9.49% reduction in the average price per MT. This decline in prices reflects...

CME Grain Futures Pressured by Improved Moisture in Brazil

CME soybean futures began the new year at multi-month lows, pressured by improved moisture in Brazil and extended forecasts for additional rainfall. 

The March soybeans contract slipped to the lowest level since June 30 and ended with a 24 ½ cents decline at $12.73 per bushel. 

Brazil is the world’s leading producer of soybeans, followed by the United States and Argentina. The planting season in Brazil occurs from October through December, with harvest taking place in March through May...

Lavoro Completes Acquisition of Coram

Lavoro Limited (Nasdaq: LVRO), the first U.S.-listed pure-play agricultural inputs retailer in Latin America, today announced the acquisition of a controlling interest in Coram Comércio e Representações Agrícolas (“Coram”), an ag retailer based in Ituverava (State of São Paulo).

This acquisition of Coram, a respected player in the agricultural inputs market since 1973, significantly strengthens Lavoro's operations in São Paulo, Minas Gerais, and Goiás, and bolsters its exposure to the sugarcane sector.

Founded in 1973 by César Luiz Mendonça, the retailer boasts 10 retail locations, more than 50 employees, and serves approximately 1,200...

CME Grain Futures Surge Amid Extreme Drought in Brazil, Pressuring Feeders Lower

Feeder cattle futures on the Chicago Mercantile Exchange plummeted to multi-month floors on Thursday, pressuring live cattle futures lower as well. 

Most active January feeders touched their lowest level since June 28 and finished $5.525 lower at $245.375 per cwt. December live cattle hit a one-week floor and settled down $1.90 to $185.30 per cwt. Yesterday's sell-off lowered feeder futures into oversold territory. 

A sharp rise in corn futures contributed to the downturn in feeders. December corn surged to the highest level since August and finished 13 cents higher at $5.05 a bushel...