U.S. meat exports are feeling strong competition from Brazil as the South American country continues to break records.
Cattle prices in Brazil have fallen significantly compared with local competition. They also have no restrictions on chicken exports due to no outbreaks of High Path Avian Flu, and they support exports to Southeast Asia, South America, and Middle Eastern markets.
According to USDA’s World Markets and Trade Analysis, Brazil’s exports have risen 152 million tons, while U.S. exports have fallen 150. U.S. poultry exports are up 42 million tons while Brazil’s are up 378 million. But the U.S. does still lead in pork exports, which rose year-over-year to more than 3,100 tons. Brazil came in at less than half that.
