Written Commentary
LIVESTOCK AM OUTLOOK
March showed strong exports from Brazil. Exports of beef increased in March as China increased its buying. Cattle and beef were at record high prices for March. Brazil exported 31% for beef in March compared to February and 6.27% more than March 2020. During March Brazil exported 133.8 thousand metric tons of beef during March.
March was a good export month for Brazil as it was in the US. Brazilian exports were 109.2 thousand metric tons in March which was 51.5% above March 2020. For the year Brazil has exported 253.5 thousand metric tons which for the first quarter of 2021 is a 21.86% increase over 2020.
Exports went to China taking 58.7 thousand tons in March and Hong Kong taking 37.3 thousand metric tons for the first quarter of 2021.
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