Brazil establishes new beef export record in the first half of this year, having shipped 1,29 million tons of animal protein, which represents a 27% over the same period in 2023, with 1.019 million tons. Revenues was up 17%, to US$ 5,69 billion.
Brazilian cattle prices are down this year and strong demand for the country’s beef exports will widen Brazilian meatpackers’ margins in the short term, according to analysts, though weakness in the domestic market could undercut those gains.
Brazil's beef exports will return close to a record high net year, encouraged by revived growth in the cattle herd, and the industry's success in avoiding lasting bans from importers over a slaughterhouse scandal.