Meat Report 2011 (Vfmc)
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The document forecasts trends in the global protein market in 2011. It notes that beef prices in Brazil peaked in late 2010 due to drought and currency factors. Chicken prices are expected to increase in Brazil for the domestic market in the second half of 2011. Beef production is projected to decrease, putting pressure on prices as demand grows faster than supply. The US and Brazil are driving increases in beef exports as consumption grows in non-traditional import markets. Chicken production and consumption are steadily rising, with developing markets now the largest consumers. Chicken exports from Brazil and the US are consolidating as the leading sources.
Meat Report 2011 (Vfmc)
- 1. Protein Market Review FORECAST 2011 Autor: M叩rcio Caparroz: marciocaparroz@terra.com.br
- 2. Market Highlights 端 Drop in live cattle in Brazil in Nov/December; 端 Beef peak prices in Brazil for domestic and exports; 端 Positive scenario for Beef in Brazil in 2011; 端 Chicken prices increases for local market in Brazil in 2属 semester and should remain high; 端 Negative scenario for Chicken and Pork exports from Brazil since Nov/December; 端 Potential increase in USA Chicken exports prices. Autor: M叩rcio Caparroz: 2 marciocaparroz@terra.com.br
- 3. Cattle Prices US$ /Kg 端 Cattle prices should remain within a higher range in thecoming two to three yrs A combination of drought and a strong Real caused Brazilian cattle prices to peak in Oct/Nov10 Autor: M叩rcio Caparroz: 3 marciocaparroz@terra.com.br
- 4. World Beef Production (000 Tons) 端 Decrease production should pressure beef prices The demand is growing more than offer of meat Autor: M叩rcio Caparroz: 4 marciocaparroz@terra.com.br
- 5. Beef Imports (000 Tons) 端 Demand is booming specially in other markets than the traditional ones More pleople are being able to buy beef Autor: M叩rcio Caparroz: 5 marciocaparroz@terra.com.br
- 6. Beef Exports (000 Tons) 端 International demand has supported exports increase specially for Brazil USA and Brazil are driving beef exports Autor: M叩rcio Caparroz: 6 marciocaparroz@terra.com.br
- 7. Beef Consumption (000 Tons) Non traditional markets (Others) eating more beef 端 While the developed markets has a stead consumption the developing markets are increasing Autor: M叩rcio Caparroz: 7 marciocaparroz@terra.com.br
- 8. Chicken Production (000 Tons) 端 Steady increase due, demand pricing power The Demand for meat steadily increasing is boosting Chicken production as a replacement Autor: M叩rcio Caparroz: 8 marciocaparroz@terra.com.br
- 9. Chicken Consumption (000 Tons) 端 Developing markets became the biggest consumption market Developing markets are choosing Chicken meat! Autor: M叩rcio Caparroz: 9 marciocaparroz@terra.com.br
- 10. Chicken Imports (000 Tons) Russian Market Remains a mystery Autor: M叩rcio Caparroz: 10 marciocaparroz@terra.com.br
- 11. Chicken Exports (000 Tons) 端 Brazil and USA consolidated as export leaders The countries that produces their on grains will be able to increase chicken production Autor: M叩rcio Caparroz: 11 marciocaparroz@terra.com.br
- 12. World Herd (000 head) 端 While Cattle herd declines, Brazil slightly recovers The next years will be about yield increase Autor: M叩rcio Caparroz: 12 marciocaparroz@terra.com.br
- 13. Protein Exports Evolution (000 Tons) Chicken exports grew consistently the last 5 years 端 Proteins spread prices boost chicken exports to developing markets Autor: M叩rcio Caparroz: 13 marciocaparroz@terra.com.br
- 14. Protein Prices Evolution (US$/Kg) 端 Chicken prices still didnt increase as much the others proteins Chicken exports from USA will be their main driver Autor: M叩rcio Caparroz: 14 marciocaparroz@terra.com.br