Overview

• Brazil's 2025/26 grain harvest is projected at 353.8 million tonnes, about 1% above the 2024/25 record of 350.2 million.
• Plantings are seen rising to 84.24 million hectares while average yield slips to 4,199 kg/ha, with soy output up 3.6% to 177.67 million tonnes and total corn at 138.3 million.
• Total meat output in 2026 is forecast at 32.3 million tonnes, with record volumes for chicken at about 15.9 million and pork at about 5.8 million, as beef eases to 10.6 million.
• Conab reports the U.S. tariff increase produced smaller-than-feared domestic effects as firms advanced shipments and China took more product, with recent export records and diversified Asian demand led by the Philippines.
• IBGE confirms the swine herd reached 43.9 million in 2024 with a record 5.0 million breeding sows, concentrated in the South where Santa Catarina leads, alongside record slaughter and fresh pork exports.