Brazil’s Change of Pace Is Reshaping the Mercosur Beef Market Logic

South America’s beef market is entering a phase in which aggregate volume explains less than the pace of each supplier. A report by the Rosario Board of Trade says that supply from Brazil, Argentina, Uruguay and Paraguay contracted sharply in July and August year on year after an expansionary first half. The main driver was a change of pace in Brazil, which had accelerated shipments substantially during the first months of the year.