June 30, 2008

 

Brazil to lower cattle slaughter in 2008 as numbers dwindle 

  
  

Brazil is expected to slaughter fewer cattle in 2008 compared to 2007, an official at Brazil's IBGE statistics institute said Friday (June 27, 2007).

 

Brazil's cattle slaughter during the first quarter, at 7.1 million head, is a drop of 10 percent, compared to the same period in 2007, said IBGE's latest research.

 

Cattle slaughter is winding down now due to the lack of animals, said Octavio Costa de Oliveira, IBGE's manager for livestock research.

 

De Oliveira also said beef exports dropped 27.6 percent in the first quarter compared to the same period a year earlier.

 

However, a 5.2-percent hike in revenue in the quarter compensated for lower export volume.

 

The institute said that the average price for a tonne of beef was US$3,528 in the first quarter, up 45 percent from US$2,426 in the same quarter in 2007.

 

Brazil's chicken slaughter in the first quarter, at 1.1 billion, was also up 12.2 percent from the same period last year, according to IBGE.
   

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