December 4, 2019
The African swine fever spread has led China to fill up the protein gap by importing beef from Brazil. This has pushed up prices and profits for cattle ranchers and meatpackers in the South American country. Chinese importers are ordering all types of cuts, inflating prices along the Brazilian chain from calves to animals ready for slaughter. According to figures from Cepea, a research arm of University of Sao Paulo, both wholesale beef and cattle prices rose 62% compared to last year and 30% more in November 2019 alone.