{"id":98190,"date":"2026-04-10T11:47:55","date_gmt":"2026-04-10T14:47:55","guid":{"rendered":"https:\/\/murray.adv.br\/?p=98190"},"modified":"2026-04-10T11:47:55","modified_gmt":"2026-04-10T14:47:55","slug":"jbs-sees-cattle-prices-falling-in-h2-after-china-quota-filled","status":"publish","type":"post","link":"https:\/\/murray.adv.br\/en\/jbs-sees-cattle-prices-falling-in-h2-after-china-quota-filled\/","title":{"rendered":"JBS sees cattle prices falling in H2 after China quota filled"},"content":{"rendered":"<section class=\"content--header\">\n<div class=\"row content-head non-featured \">\n<div class=\"title\">\n<h6 class=\"content-head__title\" style=\"text-align: center\"><em><strong>Weaker demand may create surplus of Brazilian beef<\/strong><\/em><\/h6>\n<\/div>\n<\/div>\n<div class=\"content__signa-share\">\n<div class=\"content__signature\">\n<div class=\"content-publication-data\">\n<div class=\"content-publication-data__text\">\n<div class=\"content-publication-data__from\"><\/div>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p class=\"content-publication-data__updated\"><time datetime=\"2026-04-08T12:04:59.643-03:00\">04\/09\/2026\u00a0<\/time><\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"content__share-bar-container\">\n<div class=\"content__share-bar\"><\/div>\n<\/div>\n<\/div>\n<\/section>\n<div id=\"mc-article-body\" class=\"mc-article-body \">\n<article>\n<div class=\"no-paywall\">\n<div class=\"mc-column content-text active-extra-styles \" data-block-type=\"unstyled\" data-block-weight=\"41\" data-block-id=\"2\">\n<p class=\" content-text__container \" data-track-category=\"Link no Texto\" data-track-links=\"\" data-mrf-recirculation=\"Article links\">The expected filling of Brazil\u2019s beef export quota to China by midyear, combined with a growing supply of feedlot cattle ready for slaughter, is likely to push cattle prices lower in the second half, JBS CEO Gilberto Tomazoni said on Tuesday.<\/p>\n<\/div>\n<div class=\"wall protected-content\">\n<div class=\"mc-column content-text active-extra-styles \" data-block-type=\"unstyled\" data-block-weight=\"52\" data-block-id=\"3\">\n<p class=\" content-text__container \" data-track-category=\"Link no Texto\" data-track-links=\"\" data-mrf-recirculation=\"Article links\">A potential drop in demand for Brazilian beef after the annual Chinese quota of 1.1 million tonnes\u2014exempt from an additional 55% tariff\u2014is filled could generate excess supply that will need to be redirected to domestic and international markets, Tomazoni told journalists during the 12th Annual Brazil Investment Forum hosted by Bradesco BBI.<\/p>\n<\/div>\n<div class=\"mc-column content-text active-extra-styles \" data-block-type=\"unstyled\" data-block-weight=\"46\" data-block-id=\"4\">\n<p class=\" content-text__container \" data-track-category=\"Link no Texto\" data-track-links=\"\" data-mrf-recirculation=\"Article links\">In addition to the roughly 600,000-tonne gap between China\u2019s quota and Brazil\u2019s export volume last year, Brazil will also lose tariff-free access for about 350,000 tonnes shipped at the end of 2025 but counted toward China\u2019s 2026 quota because they arrived at Chinese ports this year.<\/p>\n<\/div>\n<div class=\"mc-column content-text active-extra-styles \" data-block-type=\"unstyled\" data-block-weight=\"37\" data-block-id=\"5\">\n<p class=\" content-text__container \" data-track-category=\"Link no Texto\" data-track-links=\"\" data-mrf-recirculation=\"Article links\">Even rising demand from other Southeast Asian countries and the United States\u2014where cattle supply remains tight\u2014will not be enough to absorb the roughly 950,000 tonnes China is expected to stop importing from Brazil in 2026, Tomazoni said.<\/p>\n<\/div>\n<div class=\"mc-column content-text active-extra-styles \" data-block-type=\"unstyled\" data-block-weight=\"48\" data-block-id=\"6\">\n<p class=\" content-text__container \" data-track-category=\"Link no Texto\" data-track-links=\"\" data-mrf-recirculation=\"Article links\">\u201cThat\u2019s a significant volume. China used to account for close to 50% of Brazil\u2019s beef exports,\u201d he said. \u201cMarkets are growing, but not at the pace needed to offset what China may no longer buy. Brazil is seeking new markets, but the U.S. imports different products [than China].\u201d<\/p>\n<\/div>\n<div class=\"mc-column content-text active-extra-styles \" data-block-type=\"unstyled\" data-block-weight=\"18\" data-block-id=\"7\">\n<p class=\" content-text__container \" data-track-category=\"Link no Texto\" data-track-links=\"\" data-mrf-recirculation=\"Article links\">He added that, despite the ongoing downcycle in cattle supply, prices could still ease in the second half.<\/p>\n<\/div>\n<div class=\"mc-column content-text active-extra-styles \" data-block-type=\"unstyled\" data-block-weight=\"25\" data-block-id=\"8\">\n<p class=\" content-text__container \" data-track-category=\"Link no Texto\" data-track-links=\"\" data-mrf-recirculation=\"Article links\">Despite China\u2019s quota limits and the war in the Middle East, Tomazoni and other industry executives at the forum expressed optimism about global meat demand.<\/p>\n<\/div>\n<div class=\"mc-column content-text active-extra-styles \" data-block-type=\"unstyled\" data-block-weight=\"35\" data-block-id=\"9\">\n<p class=\" content-text__container \" data-track-category=\"Link no Texto\" data-track-links=\"\" data-mrf-recirculation=\"Article links\">Even before the conflict, consumption had been rising, supported by higher incomes and increased protein intake, said Minerva Foods CEO Fernando Galletti de Queiroz. The war has further heightened concerns over food security, he added.<\/p>\n<\/div>\n<div class=\"mc-column content-text active-extra-styles \" data-block-type=\"unstyled\" data-block-weight=\"14\" data-block-id=\"10\">\n<p class=\" content-text__container \" data-track-category=\"Link no Texto\" data-track-links=\"\" data-mrf-recirculation=\"Article links\">\u201cIn the short term, we are seeing countries increase their strategic reserves,\u201d Galletti said.<\/p>\n<\/div>\n<div class=\"mc-column content-text active-extra-styles \" data-block-type=\"unstyled\" data-block-weight=\"53\" data-block-id=\"11\">\n<p class=\" content-text__container \" data-track-category=\"Link no Texto\" data-track-links=\"\" data-mrf-recirculation=\"Article links\">Like Minerva and JBS, MBRF has seen higher logistics costs in the Middle East due to rerouted shipping and land transport, higher oil prices, and increased insurance premiums, said CEO Miguel Gularte. However, stronger demand across meat categories since the start of the conflict has allowed companies to pass on costs, he noted.<\/p>\n<\/div>\n<div class=\"mc-column content-text active-extra-styles \" data-block-type=\"unstyled\" data-block-weight=\"55\" data-block-id=\"12\">\n<p class=\" content-text__container \" data-track-category=\"Link no Texto\" data-track-links=\"\" data-mrf-recirculation=\"Article links\">Galletti also pointed to opportunities to expand exports to markets still closed to Brazilian beef, such as Japan and South Korea, as well as to other Southeast Asian countries. Tomazoni highlighted potential gains in the European Union and Africa. In Brazil, the World Cup and elections are also expected to boost meat consumption, Gularte said.<\/p>\n<\/div>\n<div class=\"mc-column content-text active-extra-styles \" data-block-type=\"unstyled\" data-block-weight=\"30\" data-block-id=\"13\">\n<p class=\" content-text__container \" data-track-category=\"Link no Texto\" data-track-links=\"\" data-mrf-recirculation=\"Article links\">Although cattle supply for slaughter in Brazil is expected to tighten due to the livestock cycle, the country benefits from ongoing productivity gains driven by genetic improvements and better nutrition.<\/p>\n<\/div>\n<div data-track-category=\"multicontent\" data-track-action=\"ultimo chunk conteudo\" data-track-noninteraction=\"false\" data-track-scroll=\"view\">\n<div class=\"mc-column content-text active-extra-styles \" data-block-type=\"unstyled\" data-block-weight=\"18\" data-block-id=\"15\">\n<p class=\" content-text__container \" data-track-category=\"Link no Texto\" data-track-links=\"\" data-mrf-recirculation=\"Article links\">\u201cThere is enormous room for growth. Brazil will set the tone in the global beef market,\u201d Tomazoni said.<\/p>\n<p data-track-category=\"Link no Texto\" data-track-links=\"\" data-mrf-recirculation=\"Article links\">*By\u00a0Clarice Couto\u00a0\u2014 S\u00e3o Paulo<\/p>\n<p data-track-category=\"Link no Texto\" data-track-links=\"\" data-mrf-recirculation=\"Article links\">Source: Valor International<\/p>\n<p>https:\/\/valorinternational.globo.com\/<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Weaker demand may create surplus of Brazilian beef &nbsp; &nbsp; 04\/09\/2026\u00a0 The expected filling of Brazil\u2019s beef export quota to China by midyear, combined with a growing supply of feedlot cattle ready for slaughter, is likely to push cattle prices lower in the second half, JBS CEO Gilberto Tomazoni said on Tuesday. A potential drop [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8106],"tags":[9615,26860],"class_list":["post-98190","post","type-post","status-publish","format-standard","hentry","category-murray-news","tag-jbs","tag-weaker-demand-may-create-surplus-of-brazilian-beef"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>JBS sees cattle prices falling in H2 after China quota filled - Murray Advogados<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/murray.adv.br\/en\/jbs-sees-cattle-prices-falling-in-h2-after-china-quota-filled\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JBS sees cattle prices falling in H2 after China quota filled - Murray Advogados\" \/>\n<meta property=\"og:description\" content=\"Weaker demand may create surplus of Brazilian beef &nbsp; &nbsp; 04\/09\/2026\u00a0 The expected filling of Brazil\u2019s beef export quota to China by midyear, combined with a growing supply of feedlot cattle ready for slaughter, is likely to push cattle prices lower in the second half, JBS CEO Gilberto Tomazoni said on Tuesday. 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