Minerva forecasts increased supply of beef cattle
Brazil is close to returning to its most prosperous period in cattle farming, says Fernando Galletti de Queiroz, president of Minerva, the third-largest slaughterhouse in Brazil in slaughter capacity for cattle. He says the long-awaited reversal of the cattle cycle has begun, resulting in an increased supply of animals for slaughter and falling live cattle prices. "We are entering a very favorable cycle for Brazil," says Queiroz.
In 2007 farmers started the cycle in which they retained reproducing cows required to increase the national herd, which had been reduced in recent years due to the culling of females between 2005 and 2006. The smaller number of cattle available for slaughter pushed up the price of calves, encouraging more farmers to retain cows.