Increase in Cattle Inventories Forecast for 2012
BRAZIL - A three per cent increase in cattle inventories in 2012 as a result of government financial support for cattle herd rebuilding, genetic improvements, pasture improvements, and sustained cattle prices has been forecast.
14 March 2012
1 minute read
According to the USDA's Brazil Livestock and Products Semi-annual 2012, by the end of this year, cattle inventories are expected to reach nearly 204 million head.
2012 cattle exports have been forecast to rise, with increased shipments expected to Venezuela and Suriname due to competitive prices. Despite of a drop in cattle exports in 2011, the Brazilian Meat Packing Industry officially submitted a request for a 30 per cent export tax on live cattle exports to the federal government on 31 January.
2012 beef production has been forecast to rise by two per cent. Increased exports, continued growth in domestic demand and higher consumer purchasing power are expected to factor the growth in beef production.
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