Western Hemisphere

In 2025, high domestic meat demand and lower prices of animal feed for both cattle and swine are expected to drive up overall cattle, beef, pig crop, and pork production. Despite relatively high inflation levels for food products, beef consumption is expected to grow as consumers shift purchases to more affordable meat cuts.

Post forecasts production for marketing year (MY) 2024/25 at 0.85 million 480-lb bales, a similar level as in MY 2023/24. The planting area is expected to decrease due to farmers switching to more profitable crops. Constraints on planted area and yield include limited seed technology, high input costs, extreme temperatures, and drought.

Post revised up Brazil’s MY 2024/25 cotton production forecast to 16.6 million 480lb bales (3.6 million metric tons (MMT)), an 11 percent increase compared to the previous MY. The main drivers behind this record output are a forecasted area increase (revised up to 1.94 million hectares), and better-than-anticipated yields across key producing states.

Private exporters reported the following sales activity for MY 2024/2025: 132,000 MT of soybeans for delivery to China and 100,000 MT of soybean cake and meal for delivery to Colombia.

Private exporters reported to the following sales activity for MY 2024/2025: 264,000 MT of soybeans for delivery to China, 100,000 MT of corn for delivery to Colombia, and 165,735 MT of corn for delivery to Mexico.

Private exporters reported sales of 127,760 MT of corn for delivery to Mexico during MY 2024/2025.