Brazilian promises 🤔🇧🇷

🌽 A sharp drop in corn prices in Brazil should provide some relief to the pork industry this year. How? We know that corn and soy are used as livestock feed and account for about 70% of production costs, but prices have fallen by nearly one-third in the domestic market as Brazil expects to harvest a new record crop in the coming months.

🤞 In the worst moments of corn supply, the meat industry was forced to pay high prices, but the promise of lower costs is expected to restore balance in the industry. For more on Brazil and how its crops will impact us, check this out.