Beef exports from South America are expected to increase 11 percent this year. Meatingplace reports that’s because of favorable currency values, improved access to importing countries and increased beef availability. Cattle producers in Brazil have been encouraged to hold cows from slaughter to deal with high calf prices driven by low calf availability, increasing domestic prices. Meanwhile, weaker currency has made Brazilian beef more competitive on international markets. Also helping boost South American beef exports, China continues to import more beef this year while another exporter, Australia, expects beef production to remain low. Last month’s USDA forecast suggested U.S. beef imports will also drop by 24 percent this year, making room for more Brazilian exports.
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