Uncertainty in the US beef market for Brazilian producers
Local and regional operators indicated that the U.S. market remained largely unchanged after the 50% tariff on Brazilian imports was confirmed on Wednesday the 6th.
There is uncertainty in the market about whether the 50% tariff on products like beef can be reversed. This week, there will be a meeting between Brazilian Finance Minister Fernando Hadad and US Treasury Secretary Scott Bessent.
Added to this is the level of Brazilian beef stocks still held by US importers. On Wednesday, Minerva Foods' chief financial officer, Edison Ticle, said the company increased its beef stocks in the United States in the first few months of the year.
In addition to the meat in cold storage in the United States, there is also the meat that was en route and can arrive and enter the market until October without paying the 50% tariff. According to operators in Australia, there are around 2,000 containers of Brazilian beef on their way to the United States.
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