World Perspectives
feed-grains soy-oilseeds livestock

Parsing the Data

Brazil’s meat processors are expressing angst that their country’s boosted corn exports to China this year will drive up domestic feed costs to what they describe as an “overpriced” level. The number of Chinese bidders for imported corn is large as the Middle Kingdom’s sow herd rebounded 0.6 percent in December and pork production is almost back to the level it was before African Swine Fever damaged the herd. However, it is a more complicated story for Brazil.  Looking at the past decade’s change in grain and meat production in Brazil on two different axes (see below) lends the impression that livestock production has grown alongside feed supplies. However, on a CARG basis, soybean production has gr...

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