In 2023, the veal and beef excess feed cost in Brazil stood at approximately $231.80 million. The forecast from 2024 to 2028 shows a year-on-year increase from $237.88 million in 2024 to $262.18 million in 2028. This represents an average compound annual growth rate (CAGR) of around 2.5% for the five-year period. The steady increase in forecasted values indicates a rising trend in excess feed costs, driven by potential factors like inflation, supply chain disruptions, and feed commodity price shifts.
Future trends to monitor include the impact of global economic conditions on feed prices, potential changes in Brazilian agricultural policies, and technological advancements in livestock feed efficiency. These factors could significantly influence feed cost dynamics moving forward.
