Brazil Is the Big Beef Winner From China’s Hunt for Protein
China’s effort to fill a protein gap created by the spread of African swine fever is rippling through Brazil’s massive beef industry, pushing up prices and profits for both cattle ranchers and meatpackers.
While China has been increasing local poultry production and raising pork imports from several suppliers, Brazil is the only big beef exporter able to meet the Asian nation’s demand. Chinese importers are snapping up all types of cuts, inflating prices along the Brazilian chain from calves to animals ready for slaughter.
By Tatiana Freitas via Bloomberg