Is Brazil 'overkilling' its cattle herd to feed China?

Brazil cattle prices are breaking records, abattoirs are shutting, and the ramifications for global beef markets could be huge.

China's escalating demand for beef is being met by Brazil — the world's biggest beef exporter — but at least one analyst says Brazil has "overkilled" its national herd as a result, and the ramifications will be felt worldwide.It has been reported that 45 per cent of Brazilian abattoirs are sitting idle.

He said a major reason for the price hike was surging demand from China, which was now the world's largest importer of beef.Meatworks shutting down Mr Stuart said the booming beef trade between Brazil and China, was creating an intriguing situation for global cattle prices. "China has enormous demand for beef and now two of its biggest suppliers are seeing declining production and exports.MLA's updated cattle projections for 2021.It has been a tough year for Australian abattoirs, and according to Meat and Livestock Australia, processors are now on track for their lowest slaughter numbers in 35 years.

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