BUSINESSTHE RIO TIMES
The USDA Overstated Beef Sales Tenfold. Brazil Sells Into That Number
The USDA reported a beef sales figure ten times higher than actual, later retracting the data. Brazil, the world's largest beef exporter, benefits from this inflated number as it continues to sell into the market.
Related Signal
Adjacent reporting
- USDA lowers reported beef export sales by 90% amid growing doubts over data
- US Beef Exports to China to Pick Up as Rivals Exhaust Quotas
- Brazil’s Beef Exports Hit $10bn Record, Then Run Into China’s Wall
- Argentina’s Beef Export Boom to US Leaves Locals Paying More for Steak
- NZ’s Meat Shipments to US Surge, Lifting Total Exports to Monthly Record