Major Meatpacker Sees No Relief From High Brazil Cattle Prices
- Paraguay’s Concepcion to forgo acquisitions in 2025: chairman
- Company sees sales topping $2 billion next year on beef demand
Cattle on a ranch in Para state, Brazil.
Photographer: Victor Moriyama/BloombergThis article is for subscribers only.
Higher cattle prices are here to stay in Brazil even if ranchers bring more animals to market in the first quarter of 2025, according to the head of one of South America’s top meatpackers.
“I don’t think we are going to return to the very low prices of the past,” Jair de Lima, chairman and founder of Frigorifico Concepcion SA, said in a video interview from the company’s headquarters in Asuncion, Paraguay.