Corn price rises could frustrate Mato Grosso's feedlot plans
The planned feedlots for 2012 may not reach the level forecast. The sum total of factors, such as the high price of inputs used in animal feed - like corn - coupled with the fall in the price of cattle, has impacted the activity.
In Brazil, the forecast for feedlots to expand by 15% and to finish up to four million animals may not be achieved, says the president of the National Association of Feedlot Farmers (Assocon), Eduardo Moura. In Mato Grosso, the 14% increase is no longer expected. In the state that holds the country's largest cattle herd, analysts have begun to re-do their calculations. The Mato Grosso Institute of Agricultural Economics (IMEA) is preparing a new survey of feedlot intentions, due out in August.