Brazil is the second largest beef producing country and the largest beef exporting country in the world. The USDA office in Brasilia expects decreased slaughter in 2025, due to the forecast start of the reversion of the cattle cycle. Producers are likely to begin holding cattle from the market in 2025, driving calf prices upwards. Record beef exports are forecasted for 2025. Domestic consumption is forecasted to decrease, as producers will prioritize exports, driven by strong external demand, devalued local currency, and challenges faced by foreign competitors, according to the USDA Livestock and Products report actualized projections this week.
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