Brazil: Livestock and Products Semi-annual
Post revised the 2015 outlook for production, consumption and exports of beef and pork, respectively. Our new forecast calls for lower production of beef and pork than previously reported, supported by lower availability of cattle and hogs for slaughter, higher cattle and hog prices, stagnant domestic demand due to the difficult economic environment, and high indebtedness of Brazilian consumers. Exports of beef and pork are likely to be higher than last year mostly supported by the depreciation of the Brazilian currency which makes Brazilian beef and pork more competitive in the world market.
