Brazil swine production expected to increase 7% in 2024 - GAIN

Industry to benefit from decreased cost of production
calendar icon 3 October 2023
clock icon 1 minute read

Brazilian swine production is forecast to increase 5% in 2023 and 2024, stimulated by record crops for corn and soybean, according to a recent US Department of Agriculture (USDA) Global Agricultural Information Network (GAIN) report.

The USDA Foreign Agricultural Service (FAS) forecasts pork production to increase 7% in 2023 and 5% in 2024. Pork consumption will increase as a result of increased availability. FAS forecasts exports to increase 8% in 2023 and 7% in 2024.

FAS forecasts a 5% increase in production, reaching 47.05 million head in 2023 and 49.62 million head in 2024. Sows inventories are up by 2%. 

In 2023 and 2024, industry will benefit from decreased cost of production, especially feed, and the sector should see improved profit margins after two years of negative balances. 

FAS forecasts 5% increase in slaughter for 2023 and 4% increase in 2024, concentrated in the South region of Brazil. These slaughter forecasts consider increased production and positive external demand for the pork products globally. 

FAS forecasts exports of live swine animals at 4 thousand heads for 2023 and 2024. Imports of live swine animals are forecast at 5 thousand heads in 2023 and 4 thousand heads in 2024. Swine imports are focused on genetic improvement.

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