Commodities
US to Overtake China as Top Beef Importer From Brazil’s Minerva
- Cattle shortage, high prices in US are leading factors
- Purchase of Marfrig plants helps Minerva expand operations
US beef imports from Brazil increased 58% from January to September compared with the same period last year.
Photographer: Jonne Roriz/BloombergThis article is for subscribers only.
The US is set to become the largest export customer of Minerva SA, the leading South American beef supplier, eclipsing China.
The shift is expected to take place within six months, according to a person familiar with the matter. Minerva’s purchase of several Marfrig Global Foods SA assets and the US’s smallest herd in seven decades are propelling sales, said the person, who was not authorized to discuss the matter publicly.