Brazilian Feedlot Numbers To Decrease In 2010
BRAZIL - Brazilian feedlot marketings are forecast to decrease in 2010, due to lower margins,as finished cattle prices remain low, while at the same time input prices are high.
17 December 2009
1 minute read
According to Meat and Livestock Australia, in addition to the widening gap between input and grown steer prices, the Brazilian Lotfeeders’ Association (ASSOCON) estimates the rising real will continue to encourage processors to place downward pressure on finished cattle. According to ASSOCON, the only chance of overcoming these problems is opening new markets during the year, which will increase international demand for Brazilian product, counteracting 2009’s product redirection to the domestic market.
However, the Food and Agriculture Organisation has forecast that Brazilian beef exports will rebound in 2010, increasing 15 per cent year-on-year as international beef prices rise, taking advantage of Brazil’s improving cattle supplies.
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