Brazil: Livestock and Products Annual
Post forecasts both beef and pork production to increase by two percent in 2016 to 9.6 million metric tons and 3.5 million metric tons, respectively. The increase in production is mostly driven by higher export demand due to the depreciation of the Brazilian currency. Both animal proteins suffer the impact of the current economic recession in the country and reduced purchasing power of consumers due to the high level of indebtedness of Brazilians and rising inflation and unemployment rates. However, due to high beef prices in the domestic market, domestic pork consumption shows a better outlook.
