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Minerva forecasts 11% growth in formal cattle slaughtering this year

The manager of market research at Minerva Foods, Fabiano Tito Rosa, says that Brazil will achieve record levels of formal slaughter (registered by the Federal Inspection System - SIF) this year. 'We are in a record year for cattle slaughter. This year, we expect growth in slaughter of around 11% compared with 2012," the executive said, adding that in 2012 the increase was 7% on 2011.

He says that even with a cycle that is favorable to the industry with greater supply of finished cattle, the price of cattle has been supported by strong demand. "Brazil is again exporting more than 100,000 tons of beef a month and August is edging towards about 106,000 tons," he said, noting that the price of Brazilian beef cattle in dollars is 21% cheaper than the competition, a level of competitiveness that hasn't been achieved since mid-2012. "At the same time, the demand for protein on the domestic market is strong," he added.

Information provided by Agência Estado

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