Brazil: Livestock and Products Semi-annual
Post forecasts beef production in 2019 at 10.2 million metric tons, which is an increase of 3 percent, mostly driven by strong exports to China and Hong Kong, and higher domestic demand. Post also forecasts pork production to increase by 4 percent and reach nearly 3.9 million metric tons, reflecting a rebound in exports, a moderate increase in domestic demand and favorable feed costs in 2019. The expected growth of the Brazilian economy in 2019, with declining inflation and unemployment rates, support optimism in the animal protein sector in Brazil.
