Reuters – A shortage of cattle for slaughtering will continue to weigh on Brazilian beef processors for at least a year, Fernando Iglesias, an analyst with Safras & Mercado, said in a recent presentation. Brazil’s tight supplies, caused by the slaughtering of cows and strong demand for beef in markets like China, has led companies
Brazil cattle supplies to remain tight, hitting beef packers
Brazil to reap record corn harvest but second crop worries linger
Reuters – Brazilian farmers will harvest a record corn crop even as growers plant their second corn crop outside the ideal window, Paulo Molinari, an analyst with Safras & Mercado, said in a recent presentation. Total corn production in the 2020-21 cycle is estimated at 113.5 million tonnes, up six per cent from the previous
Brazil rancher groups oppose importing live cattle from Paraguay
Reuters – A trade group representing Brazilian meat packers has asked the Agriculture Ministry for authorization to import live cattle from Paraguay, drawing criticism from ranchers, two farming associations said. The request to import live cattle from Paraguay, made by a trade group based in Mato Grosso do Sul, which borders Paraguay to the east,
Brazil aims to boost beef export
Reuters – Brazil’s beef producers aim to boost export volumes by six per cent next year as they negotiate access to new markets in Asia and North America, industry group Abiec said recently. Abiec estimated that Brazil, the world’s biggest beef supplier, could export 2.141 million tonnes next year, worth US$8.789 billion, up from a
Rare U.S. soybean cargo unloads at Brazilian port of Paranaguá
Reuters – A ship carrying 30,500 tonnes of U.S. soybeans was unloading its rare cargo on Dec. 4, after getting all regulatory permissions and docking at one of Paranaguá’s berths, according to a spokeswoman for the port authority. Brazil, a net food exporter, sold so much of its soybeans to China, that little was left
U.S. farmers celebrate soy price surge as Brazil misses out
The Latin America powerhouse missed the upward surge by selling earlier to lock in prices
U.S. farmers sold freshly harvested soybeans directly off their combines for a profit as prices rose to a four-year high this autumn, a welcome change from the losses suffered during the U.S.-China trade war. Strong exports to China as the world’s top soybean importer emerged from lockdown helped push the most active soybean futures contract at the Chicago Board of
JBS gears up for U.S. and Brazil expansions
Brazilian meat giant reiterates plans following strong Q3 results
Sao Paulo | Reuters — Food processor JBS SA reiterated plans to grow production capacity in Brazil and in the United States after posting strong third quarter results, executives said in a conference call to discuss earnings on Thursday. CEO Gilberto Tomazoni said 12 of the company’s plants in Brazil were being expanded, as JBS
Brazil importing soy, food staples as prices soar
The surprising move is part of ongoing global food supply chain disruptions
Reuters – Brazil, one of the world’s largest agricultural producers, is importing food staples including soybeans due to a rise in domestic prices, President Jair Bolsonaro said in a video posted on social media. Brazil’s turn to imports is the latest disruption to the global food supply chain as soybean prices hover around four-year highs,
JBS to seek damages from founders
Brazil shareholder vote a win for Brazil's BNDES
Sao Paulo | Reuters — Shareholders in JBS SA on Friday cleared the way for the Brazilian food processor to sue its own controlling stakeholders and certain former managers, a rare victory for shareholder activism in Latin America’s largest economy. The vote was a win for JBS’s top minority shareholder, national development bank BNDES, which
Brazil breeders retain female cows, herd grows for first time in three years
Reuters – The size of the cattle herd in Brazil, the world’s largest beef exporter, grew for the first time in three years in 2019, according to data released Oct. 15 by the government’s bureau of statistics IBGE. The country’s herd totalled 214.7 million head in 2019, a 0.4 per cent rise from 2018, driven
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