Brazilian meatpacker JBS is prepared for a likely shift in the country’s cattle cycle that could lead to reduced availability of animals for slaughter next year. Brazil’s beef exports to the U.S. are expected to drop further.
Stories by Roberto Samora
U.S. tariffs on Brazil will reshape global beef trade flows, analysts say
Higher U.S. tariffs on Brazil are expected to reshape global beef trade flows, sparking increased shipments to the U.S. from countries like Mexico and Australia while Brazil seeks alternative markets, analysts said on Wednesday.
JBS sees US cattle cycle improving from late 2027
JBS turns Q2 profit despite challenging operating environment
U.S.-based beef-packers will continue to reel from low cattle availability for about three or four quarters, with gradual improvements of the U.S. cattle herd happening gradually from late 2027, meatpacking giant JBS said on Thursday.
Brazil poised to declare itself bird flu ‘free,’ state official says
Brazil is ready to declare the country free of the bird flu virus on commercial flocks, Edivilson Brum, the head of Rio Grande do Sul state’s agriculture department, said on Wednesday in a statement.
Brazil chicken exports tick down in May after bird flu outbreak
Chicken meat exports from Brazil have fallen slightly year-on-year in May, trade data from the government showed on Monday, after the country logged a case of bird flu on a commercial farm.
Sugar soars as crops in world’s top producer Brazil hit by frosts
SAO PAULO/NEW YORK, Aug 10 (Reuters) – Sugar prices hit their highest level in more than four years on Tuesday after a report confirmed damage to sugarcane crops in the world’s larger producer Brazil from unusually harsh frosts in June and July. Sugar production in Brazil’s centre-south region fell by 11% in the second half […] Read more
Brazil soy area to grow at the slowest pace in 13 years
SAO PAULO, (Reuters) – The area in Brazil to be planted with soybeans in the 2019-20 season, which starts this month, will grow by the slowest pace in 13 years as a global trade war and swine fever in China cloud the outlook for farmers, according to analysts at AgRural. The agribusiness consultancy expects Brazil’s […] Read more
Brazil soybeans coveted by China, local crushing industry
SAO PAULO, (Reuters) – Brazil’s soybean market got another boost this week with local oilseeds processors increasingly competing with Chinese buyers for one of Brazil’s most prized export commodities, causing prices in local currency to spike. While traders reported Chinese buying more than 1 million tonnes of soybeans from Brazil and Argentina in the last […] Read more
Brazilian oilseeds group: Traders may cut farmer credit due to defaults
SAO PAULO, (Reuters) – Abiove, Brazil’s oilseeds industry group, said on Tuesday that commodities traders may reduce financing to farmers by around 50 percent for the new crop (2019/20) due to defaults and bankruptcy protection requests in the sector. Patrícia da Silva, Abiove’s tax and legal affairs manager, said the potential reduction in farmer loans […] Read more
Brazil-U.S. wheat deal catches major supplier Argentina off guard
BUENOS AIRES/SAO PAULO, (Reuters) – Farmers in Brazil and Argentina are concerned about Brazilian President Jair Bolsonaro’s agreement to import 750,000 tonnes of wheat from the United States and other countries outside the Mercosur trade bloc without applying the 10 percent tariff that is usually levied on such purchases. Wheat growers in Argentina’s Pampas farm […] Read more
