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- (-) Pork & Pork Products
- (-) 2024
- (-) Brazil
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Brazil is the third-largest cattle producer and second-largest beef exporter in the world. Post forecasts decreased slaughter in 2025, due to the forecasted start of the reversion of the cattle cycle. Producers are likely to start retaining cattle in 2025, driving calf prices upwards.
Brazil is currently at the bottom of the cattle cycle, liquidating inventories since 2023. The oversupply of cattle for slaughter has led to a slow price recovery and longer-term impact to the replacement market.