Brazil surpasses U.S. as top beef producer
Reuters · Current
Reuters
Current
Brazil surpassed the U.S. as the world's top beef producer last year, according to market estimates, after the South American country beat output forecasts by hundreds of thousands of tons, easing a global supply squeeze and helping limit a surge in meat prices.
Breakdown
- Brazil surpassed the U.S. as the top beef producer last year
- Brazil beat output forecasts by hundreds of thousands of tons 10s
- High export demand, especially from China and the U.S., drove production 26s
- U.S. beef production fell 3.9% after years of drought 38s
- Global beef prices may depend on Brazil's production this year 1m 1s