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Brazil’s Beef, Pork Exports Sluggish through April

Brazil's beef exports

Brazil’s beef/beef variety meat exports remained below year-ago levels in April, falling 8 percent from a year ago to 102,941 metric tons (mt). For January through April, exports were down 17 percent to 395,175 mt, including lower totals for Hong Kong, Russia, Venezuela, Iran and Chile. Exports edged modestly higher for Egypt and were steady to the European Union. Brazil’s exports of cooked beef to the United States doubled from last year’s low volumes, reaching 12,458 mt.

Brazil’s cattle prices remained strong in early May, up about 22 percent from a year ago in Brazilian real terms. Prices were 11 percent lower year-over-year in U.S. dollars, however, averaging $1.49/lb. carcass weight.

Brazil-Pork-Exports

Brazil’s pork/pork variety meat exports trended seasonally higher in April but were still down 3 percent year-over-year to 40,866 mt. For January through April, exports were down 14 percent to 130,202 mt. Export growth to Russia was offset by smaller volumes for other main markets such as Hong Kong, Angola, Singapore, Uruguay, Chile and Georgia.

Brazil’s hog carcass prices moved lower in April, falling 12 percent from a year ago in reals. In U.S. dollars, prices were down 35 percent year-over-year to $0.61/lb.