Brazil: Livestock and Products Semi-annual

Brazil is the second-largest beef producing country and the largest beef exporting country in the world. Post expects decreased slaughter in 2026, due to the start of the reversion of the cattle cycle. Producers are likely to begin holding cattle from the market, driving calf prices upwards. Solid beef exports are forecasted for 2026, following record exports in 2025. Domestic consumption is forecast to slightly decrease, as producers will prioritize exports, driven by strong external demand, devalued local currency, and challenges faced by foreign competitors. The swine industry is expected to increase in both production and slaughter in 2026. As a result, Post forecasts increased pork production and domestic consumption, as well as record exports in 2026.