Bloomberg reports the weak U.S. dollar may boost beef exports as costs are on the rise in other meat-producing markets.
Wesley Batista, chief executive officer at JBS, expects meat prices in the U.S. to continue to improve with increasing export demand.
America’s global market share of beef, pork and poultry is growing. The USDA reports U.S. beef and pork export volumes are 31 percent and 19 percent higher respectively through April this year.
Batista told Bloomberg beef production costs are the same for U.S. and Brazil for the first time on over a hundred years.
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