Brazil meat exports to make significant gains – USDA

The outlook for global meat trade in 2023 is mixed, according to the most recent global outlook report from the United States Department of Agriculture (USDA). Only chicken meat is forecast to make gains while beef is virtually unchanged and pork falls lower for the second year in a row.

Brazil exports of beef, pork, and chicken meat all forecast to make significant gains and outperform other major traders in 2023.

Brazil beef exports are forecast higher on tighter exportable supplies from its major competitors, Argentina and Uruguay, which will support growing shipments to China.

Brazil pork exports are forecast higher on price competitiveness and increased opportunities in China, Chile, and Japan as these markets reduce imports from the EU.

Brazil chicken meat exports are forecast to rise due to its role as a supplier of a wide range of products to an array of markets. Brazil exportable supplies will be buoyed by moderately lower feed prices.

Tags: exports, USDA, pork, global, meat, Beef, Outlook, chicken, forecast, gains