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Minerva CFO Edison Ticle expects finished male prices in Brazil, which fell after the Chinese quota was exhausted, to stabilize in the coming weeks before recovering in the final quarter, when the industry resumes China-oriented production ahead of the 2027 quota.
Aug 31, 2026
Brazil’s second-largest cattle herd faces disproportionate exposure to the closure of the Chinese quota because it lacks authorized access to alternative markets such as the US, Chile, Mexico, and the EU.
Aug 31, 2026
Brazil exported 725,940 live cattle in January-July 2026, up 26.7% year-on-year and a record for the period. Pará accounted for 63.7% of the animals shipped abroad, followed by Rio Grande do Sul with 25.8%.
Last update 08/24/2026
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Minerva CFO Edison Ticle expects finished male prices in Brazil, which fell after the Chinese quota was exhausted, to stabilize in the coming weeks before recovering in the final quarter, when the industry resumes China-oriented production ahead of the 2027 quota.
Brazil’s second-largest cattle herd faces disproportionate exposure to the closure of the Chinese quota because it lacks authorized access to alternative markets such as the US, Chile, Mexico, and the EU.
Brazil exported 725,940 live cattle in January-July 2026, up 26.7% year-on-year and a record for the period. Pará accounted for 63.7% of the animals shipped abroad, followed by Rio Grande do Sul with 25.8%.
Uruguay cannot access the new 300,000-ton quota officially announced by the White House this week, while the figures show the current weight of the tariff on Uruguayan beef in the US market.
The non-working holiday on Tuesday, August 25, together with the decision by some plants not to operate on Monday either, drove cattle slaughter down to 32,994 head in the week ended August 29, almost 4,000 fewer than the previous week and 6,350 head below the same period last year.
With data for only one day still outstanding to complete the first eight months of the year, sheep slaughter totals 245,850 head, down 36.8% from the same period last year and contracting for the third consecutive year.
CEO Fernando Galletti de Queiroz reaffirmed Minerva’s commitment to South America as a global platform, while CFO Edison Ticle expects Argentina to become the company’s second-largest origin by revenue, driven by US demand and less restrictive quota limitations on exports to China.
The temporary opening of a 300,000-ton duty-free quota by the US comes at an opportune time for Paraguay, which in just two years has turned the US market into a destination for 10% to 15% of its beef exports.
Amid pressure over food prices and with the November midterm elections on the horizon, Trump announced legal measures to allow producers to process their own food and ordered a review of regulations governing the meat industry.
