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According to Brazil’s preliminary data, it only exported 82,180 tons of beef in October, which is the lowest level since June 2018, when truck drivers went on strike to prevent the goods from leaving the slaughterhouse and enter the port, forcibly restricting the export of beef
.
Its researchers also pointed out that Brazilian beef exports have fallen below 100,000 tons for the first time in more than three years
.
.
Its researchers also pointed out that Brazilian beef exports have fallen below 100,000 tons for the first time in more than three years
.
Therefore, in October, the CEPEA/B3 live cattle indicator fell by 11.
83% and closed at 257.
10 reais at the end of the month
.
Specifically, the indicator closed at 254.
10 reais on the 28th, the lowest nominal value since the beginning of October 2020
.
83% and closed at 257.
10 reais at the end of the month
.
Specifically, the indicator closed at 254.
10 reais on the 28th, the lowest nominal value since the beginning of October 2020
.
There have been two cases of atypical mad cow disease in Brazil, so the export of beef to China has been suspended since September 4, and it has not yet resumed, causing panic among Brazilian officials and meat producers
.
.
Brazilian agricultural analyst Orvis:
The biggest losses are currently the producers on the farm, especially the producers on the feedlot
.
Once the animals reach a certain weight in the feedlot, they must leave and be taken away quickly
.
.
Once the animals reach a certain weight in the feedlot, they must leave and be taken away quickly
.
According to the beef bilateral agreement signed by China and Brazil in 2015, when Brazil discovers that beef cattle are ill, and there is a risk of mad cow disease, the export suspension mechanism will be automatically activated
.
Therefore, Brazil suspended beef exports to China on September 4
.
Local analysts said that the export ban has lasted longer than expected, but believes that China will lift it in a very short time
.
.
Therefore, Brazil suspended beef exports to China on September 4
.
Local analysts said that the export ban has lasted longer than expected, but believes that China will lift it in a very short time
.
Brazilian agricultural analyst Orvis:
A large number of people in the market had expected the two-week cancellation, similar to the last time in 2019, the two-week suspension
.
Then it reopened, prices reorganized, and returned to normal
.
.
Then it reopened, prices reorganized, and returned to normal
.
The ban was much longer than expected, which dealt a heavy blow to Brazilian beef producers
.
Brazil is the world's largest beef producer, while China is Brazil's largest beef importer
.
Brazil's beef imports from mainland China and Hong Kong account for more than half of their exports
.
.
Brazil is the world's largest beef producer, while China is Brazil's largest beef importer
.
Brazil's beef imports from mainland China and Hong Kong account for more than half of their exports
.
