IBOV 172,758.89 ▼ 0.35% IPSA 10,896.87 ▲ 0.10% IPC MEX 66,125.27 ▼ 0.74% MERVAL 3,223,652 — 0.00% COLCAP 2,298.34 — 0.00% BVL PERÚ 56,620.35 — — USD/BRL5.08▼ 0.22% USD/MXN17.40▼ 0.19% USD/CLP932.14▼ 0.25% USD/COP3,236▼ 0.99% USD/PEN3.40▲ 0.22% USD/ARS1,479▼ 0.20% USD/UYU40.19▲ 1.43% USD/PYG6,045▲ 1.76% USD/BOB10.80▲ 2.69% USD/DOP58.02▲ 0.31% USD/CRC446.12▲ 1.15% USD/GTQ7.62▲ 2.33% USD/HNL26.74▲ 1.61% USD/NIO36.62▲ 0.84% USD/VES735.39▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.79▲ 0.73% USD/TTD6.73▲ 1.18% EUR/BRL5.80▼ 0.99% BRENT 91.14 ▲ 2.15% WTI 84.38 ▲ 1.38% IRON ORE 161.91 — — COPPER 6.51 ▲ 3.30% GOLD 4,057 ▲ 1.16% SILVER 58.78 ▲ 3.47% SOY 1,224 ▼ 0.16% CORN 472.75 ▲ 5.17% WHEAT 671.25 ▼ 0.41% COFFEE 327.60 ▼ 2.03% SUGAR 14.87 ▲ 0.34% ORANGE JUICE 146.25 ▼ 0.78% COTTON 79.51 ▲ 2.77% COCOA 5,635 ▲ 2.08% BEEF 224.20 ▼ 1.03% CATTLE 347.38 ▼ 1.31% LITHIUM 68.76 ▲ 2.75% PETR4 41.37 ▲ 0.53% VALE3 71.75 ▼ 0.25% ITUB4 42.33 ▲ 0.07% BBDC4 18.39 ▼ 0.11% ABEV3 15.80 ▲ 0.06% BBAS3 20.20 ▲ 0.15% B3SA3 15.21 ▼ 0.33% WEGE3 43.02 ▼ 0.26% PRIO3 58.63 ▲ 1.63% SUZB3 41.76 ▼ 0.31% RENT3 36.87 ▼ 1.65% AZZA3 17.92 ▼ 1.38% CSAN3 3.76 ▼ 1.57% RAIZ4 0.27 — 0.00% PCAR3 2.67 ▲ 2.69% GMAT3 3.83 ▼ 0.52% PSSA3 52.92 ▼ 2.36% CVCB3 1.16 ▲ 7.41% POSI3 3.70 — 0.00% SLCE3 13.63 ▲ 0.44% NATU3 8.67 ▲ 0.46% BRKM5 5.97 ▲ 0.51% RANI3 7.85 ▼ 1.75% CSNA3 5.11 ▲ 0.79% CMIN3 5.50 ▲ 2.04% USIM5 8.25 ▲ 1.10% GGBR4 23.54 ▼ 0.34% ENEV3 25.45 ▼ 0.78% CPFE3 46.04 ▼ 0.60% CMIG4 10.95 ▼ 0.64% EQTL3 38.96 ▼ 0.84% LREN3 13.27 ▼ 0.30% VIVT3 35.50 ▼ 0.48% RAIL3 13.30 ▼ 1.99% KLABIN 17.40 ▼ 0.46% RAIA DROGASIL 18.48 ▼ 1.12% RDOR3 34.35 ▼ 3.10% HAPV3 11.38 ▼ 1.47% FLRY3 16.46 ▼ 0.60% SMTO3 15.44 ▲ 0.19% UGPA3 31.24 ▼ 1.45% VBBR3 33.52 ▼ 1.73% BBSE3 41.04 ▼ 0.02% BPAC11 55.59 ▼ 0.45% CURY3 30.20 ▲ 0.03% AERI3 2.08 ▲ 0.48% VIVARA 21.64 ▼ 1.46% COMPASS 24.61 ▲ 0.04% VAMOS 3.13 ▲ 1.29% SANB11 27.38 ▲ 1.37% ASAI3 8.15 ▲ 0.12% SBSP3 28.82 ▼ 0.55% WALMEX 49.21 ▼ 0.34% GMEXICO 204.48 ▲ 1.82% FEMSA 226.45 ▼ 0.23% CEMEX 21.98 ▲ 0.46% GFNORTE 182.83 ▲ 1.57% BIMBO 59.17 ▼ 0.55% TELEVISA 9.62 ▼ 0.93% AMX 22.80 ▲ 0.26% GAP 379.47 ▲ 0.34% ASUR 271.46 ▼ 1.06% OMA 226.18 ▼ 0.11% KOF 180.67 ▼ 0.08% GRUMA 287.62 ▲ 0.01% KIMBER 38.18 ▼ 0.55% SQM-B 63,899 ▲ 1.23% COPEC 6,273 ▲ 1.17% BSANTANDER 77.60 ▲ 1.98% FALABELLA 5,850 ▼ 0.43% ENELAM 84.67 ▲ 0.67% CENCOSUD 2,005 ▲ 0.50% CMPC 1,090 ▲ 2.24% BANCO CHILE 188.11 ▲ 0.87% LATAM AIR 24.27 ▼ 0.57% YPF 79,200 — 0.00% GGAL 7,845 — 0.00% PAMPA 5,270 — 0.00% TXAR 670.50 — 0.00% ALUAR 959.50 — 0.00% TGS 9,500 — 0.00% CEPU 2,289 — 0.00% MIRGOR 17,125 ▲ 1.48% COME 42.95 — 0.00% LOMA NEGRA 3,573 — 0.00% BYMA 293.75 — 0.00% TELECOM ARG 4,145 — 0.00% ECOPETROL 16.42 ▲ 2.45% BANCOLOMBIA 81.95 ▲ 1.39% GRUPO AVAL 5.06 ▲ 2.22% CREDICORP 394.26 ▲ 1.92% SOUTHERN COPPER 180.63 ▲ 3.17% BUENAVENTURA 30.54 ▲ 1.60% MERCADOLIBRE 1,809 ▼ 1.26% NUBANK 14.09 ▲ 0.68% XP 16.66 ▼ 0.86% PAGSEGURO 9.45 ▲ 1.72% STONE 11.14 ▲ 0.13% GLOBANT 32.47 ▲ 0.54% TECNOGLASS 45.46 ▼ 1.41% GAP AIRPORT 217.82 ▲ 0.32% ASUR 271.46 ▼ 1.06% OMA AIRPORT 103.97 ▼ 0.04% AMX ADR 26.12 ▲ 0.08% FEMSA ADR 130.37 ▲ 0.28% CEMEX ADR 12.60 ▲ 0.88% PETROBRAS ADR 18.28 ▲ 0.47% VALE ADR 14.09 ▼ 0.07% ITAU ADR 8.33 ▲ 0.12% SANTANDER BR 5.43 ▲ 1.02% AMBEV ADR 3.10 ▲ 0.49% CSN 1.02 ▲ 0.99% GERDAU 4.66 ▼ 0.53% LATAM ADR 51.75 ▲ 0.02% BTC 66,786 ▲ 2.39% ETH 1,936 ▲ 1.68% SOL 78.33 ▲ 0.69% XRP 1.14 ▲ 2.84% BNB 575.26 ▲ 0.79% ADA 0.18 ▲ 3.37% DOGE 0.07 ▲ 1.78% AVAX 6.63 ▲ 0.82% LINK 8.71 ▲ 1.51% DOT 0.86 ▲ 4.10% LTC 47.97 ▲ 1.34% BCH 226.20 ▲ 2.86% TRX 0.33 ▲ 0.52% XLM 0.19 ▲ 2.79% HBAR 0.07 ▲ 2.87% NEAR 1.98 ▲ 0.12% ATOM 1.50 ▲ 0.33% AAVE 94.42 ▲ 5.17% SELIC 14.25% EMBRAER 82.36 ▼ 1.12% EMBRAER ADR 65.08 ▼ 1.29% JBS 11.98 ▼ 0.42% JBS BDR 60.45 ▼ 0.56% MBRF3 14.85 ▲ 2.27% MBRFY 2.83 ▼ 2.75% INTER 5.61 ▼ 0.18% EGX 53,990 ▲ 1.63% USD/ZAR16.48▼ 0.30% USD/NGN1,376▼ 0.27% NIKKEI 66,232 ▲ 3.26% CSI300 4,739 ▲ 3.06% HSI 25,132 ▼ 0.04% NIFTY 24,188 ▼ 0.21% KOSPI 6,748 ▲ 3.56% JCI 6,340 ▲ 1.74% USD/JPY162.92▲ 0.26% USD/CNY6.76▼ 0.17% DAX 24,823 ▼ 0.10% CAC 8,303 ▼ 0.45% FTSE 10,517 ▼ 0.07% MIB 51,982 ▲ 0.23% IBEX 19,256 ▲ 0.26% STOXX 638.69 ▼ 0.14% EUR/USD1.14▲ 0.03% GBP/USD1.34▼ 0.40% SPX 7,480 ▲ 0.49% DJI 52,013 ▲ 0.34% NDX 28,976 ▲ 1.30% RUT 2,955 ▲ 0.42% TSX 35,093 ▲ 0.38% VIX 17.97 ▼ 3.65% USD/CAD1.41▲ 0.10% US10Y 4.6380 ▲ 0.87% IBOV 172,758.89 ▼ 0.35% IPSA 10,896.87 ▲ 0.10% IPC MEX 66,125.27 ▼ 0.74% MERVAL 3,223,652 — 0.00% COLCAP 2,298.34 — 0.00% BVL PERÚ 56,620.35 — — USD/BRL 5.08 ▼ 0.22% USD/MXN 17.40 ▼ 0.19% USD/CLP 932.14 ▼ 0.25% USD/COP 3,236 ▼ 0.99% USD/PEN 3.40 ▲ 0.23% USD/ARS 1,479 ▼ 0.20% USD/UYU 40.19 ▲ 1.43% USD/PYG 6,045 ▲ 1.76% USD/BOB 10.80 ▲ 2.69% USD/DOP 58.02 ▲ 0.31% USD/CRC 446.12 ▲ 1.15% USD/GTQ 7.62 ▲ 2.33% USD/HNL 26.74 ▲ 1.61% USD/NIO 36.62 ▲ 0.84% USD/VES 735.39 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.79 ▲ 0.73% USD/TTD 6.73 ▲ 1.18% EUR/BRL 5.80 ▼ 0.99% BRENT 91.14 ▲ 2.15% WTI 84.38 ▲ 1.38% IRON ORE 161.91 — — COPPER 6.51 ▲ 3.30% GOLD 4,057 ▲ 1.16% SILVER 58.78 ▲ 3.47% SOY 1,224 ▼ 0.16% CORN 472.75 ▲ 5.17% WHEAT 671.25 ▼ 0.41% COFFEE 327.60 ▼ 2.03% SUGAR 14.87 ▲ 0.34% ORANGE JUICE 146.25 ▼ 0.78% COTTON 79.51 ▲ 2.77% COCOA 5,635 ▲ 2.08% BEEF 224.20 ▼ 1.03% CATTLE 347.38 ▼ 1.31% LITHIUM 68.76 ▲ 2.75% PETR4 41.37 ▲ 0.53% VALE3 71.75 ▼ 0.25% ITUB4 42.33 ▲ 0.07% BBDC4 18.39 ▼ 0.11% ABEV3 15.80 ▲ 0.06% BBAS3 20.20 ▲ 0.15% B3SA3 15.21 ▼ 0.33% WEGE3 43.02 ▼ 0.26% PRIO3 58.63 ▲ 1.63% SUZB3 41.76 ▼ 0.31% RENT3 36.87 ▼ 1.65% AZZA3 17.92 ▼ 1.38% CSAN3 3.76 ▼ 1.57% RAIZ4 0.27 — 0.00% PCAR3 2.67 ▲ 2.69% GMAT3 3.83 ▼ 0.52% PSSA3 52.92 ▼ 2.36% CVCB3 1.16 ▲ 7.41% POSI3 3.70 — 0.00% SLCE3 13.63 ▲ 0.44% NATU3 8.67 ▲ 0.46% BRKM5 5.97 ▲ 0.51% RANI3 7.85 ▼ 1.75% CSNA3 5.11 ▲ 0.79% CMIN3 5.50 ▲ 2.04% USIM5 8.25 ▲ 1.10% GGBR4 23.54 ▼ 0.34% ENEV3 25.45 ▼ 0.78% CPFE3 46.04 ▼ 0.60% CMIG4 10.95 ▼ 0.64% EQTL3 38.96 ▼ 0.84% LREN3 13.27 ▼ 0.30% VIVT3 35.50 ▼ 0.48% RAIL3 13.30 ▼ 1.99% KLABIN 17.40 ▼ 0.46% RAIA DROGASIL 18.48 ▼ 1.12% RDOR3 34.35 ▼ 3.10% HAPV3 11.38 ▼ 1.47% FLRY3 16.46 ▼ 0.60% SMTO3 15.44 ▲ 0.19% UGPA3 31.24 ▼ 1.45% VBBR3 33.52 ▼ 1.73% BBSE3 41.04 ▼ 0.02% BPAC11 55.59 ▼ 0.45% CURY3 30.20 ▲ 0.03% AERI3 2.08 ▲ 0.48% VIVARA 21.64 ▼ 1.46% COMPASS 24.61 ▲ 0.04% VAMOS 3.13 ▲ 1.29% SANB11 27.38 ▲ 1.37% ASAI3 8.15 ▲ 0.12% SBSP3 28.82 ▼ 0.55% WALMEX 49.21 ▼ 0.34% GMEXICO 204.48 ▲ 1.82% FEMSA 226.45 ▼ 0.23% CEMEX 21.98 ▲ 0.46% GFNORTE 182.83 ▲ 1.57% BIMBO 59.17 ▼ 0.55% TELEVISA 9.62 ▼ 0.93% AMX 22.80 ▲ 0.26% GAP 379.47 ▲ 0.34% ASUR 271.46 ▼ 1.06% OMA 226.18 ▼ 0.11% KOF 180.67 ▼ 0.08% GRUMA 287.62 ▲ 0.01% KIMBER 38.18 ▼ 0.55% SQM-B 63,899 ▲ 1.23% COPEC 6,273 ▲ 1.17% BSANTANDER 77.60 ▲ 1.98% FALABELLA 5,850 ▼ 0.43% ENELAM 84.67 ▲ 0.67% CENCOSUD 2,005 ▲ 0.50% CMPC 1,090 ▲ 2.24% BANCO CHILE 188.11 ▲ 0.87% LATAM AIR 24.27 ▼ 0.57% YPF 79,200 — 0.00% GGAL 7,845 — 0.00% PAMPA 5,270 — 0.00% TXAR 670.50 — 0.00% ALUAR 959.50 — 0.00% TGS 9,500 — 0.00% CEPU 2,289 — 0.00% MIRGOR 17,125 ▲ 1.48% COME 42.95 — 0.00% LOMA NEGRA 3,573 — 0.00% BYMA 293.75 — 0.00% TELECOM ARG 4,145 — 0.00% ECOPETROL 16.42 ▲ 2.45% BANCOLOMBIA 81.95 ▲ 1.39% GRUPO AVAL 5.06 ▲ 2.22% CREDICORP 394.26 ▲ 1.92% SOUTHERN COPPER 180.63 ▲ 3.17% BUENAVENTURA 30.54 ▲ 1.60% MERCADOLIBRE 1,809 ▼ 1.26% NUBANK 14.09 ▲ 0.68% XP 16.66 ▼ 0.86% PAGSEGURO 9.45 ▲ 1.72% STONE 11.14 ▲ 0.13% GLOBANT 32.47 ▲ 0.54% TECNOGLASS 45.46 ▼ 1.41% GAP AIRPORT 217.82 ▲ 0.32% ASUR 271.46 ▼ 1.06% OMA AIRPORT 103.97 ▼ 0.04% AMX ADR 26.12 ▲ 0.08% FEMSA ADR 130.37 ▲ 0.28% CEMEX ADR 12.60 ▲ 0.88% PETROBRAS ADR 18.28 ▲ 0.47% VALE ADR 14.09 ▼ 0.07% ITAU ADR 8.33 ▲ 0.12% SANTANDER BR 5.43 ▲ 1.02% AMBEV ADR 3.10 ▲ 0.49% CSN 1.02 ▲ 0.99% GERDAU 4.66 ▼ 0.53% LATAM ADR 51.75 ▲ 0.02% BTC 66,786 ▲ 2.39% ETH 1,936 ▲ 1.68% SOL 78.33 ▲ 0.69% XRP 1.14 ▲ 2.84% BNB 575.26 ▲ 0.79% ADA 0.18 ▲ 3.37% DOGE 0.07 ▲ 1.78% AVAX 6.63 ▲ 0.82% LINK 8.71 ▲ 1.51% DOT 0.86 ▲ 4.10% LTC 47.97 ▲ 1.34% BCH 226.20 ▲ 2.86% TRX 0.33 ▲ 0.52% XLM 0.19 ▲ 2.79% HBAR 0.07 ▲ 2.87% NEAR 1.98 ▲ 0.12% ATOM 1.50 ▲ 0.33% AAVE 94.42 ▲ 5.17% SELIC 14.25% EMBRAER 82.36 ▼ 1.12% EMBRAER ADR 65.08 ▼ 1.29% JBS 11.98 ▼ 0.42% JBS BDR 60.45 ▼ 0.56% MBRF3 14.85 ▲ 2.27% MBRFY 2.83 ▼ 2.75% INTER 5.61 ▼ 0.18% EGX 53,990 ▲ 1.63% USD/ZAR 16.48 ▼ 0.07% USD/NGN 1,376 ▲ 0.02% NIKKEI 66,232 ▲ 3.26% CSI300 4,739 ▲ 3.06% HSI 25,132 ▼ 0.04% NIFTY 24,188 ▼ 0.21% KOSPI 6,748 ▲ 3.56% JCI 6,340 ▲ 1.74% USD/JPY 162.87 ▲ 0.25% USD/CNY 6.7556 ▼ 0.03% DAX 24,823 ▼ 0.10% CAC 8,303 ▼ 0.45% FTSE 10,517 ▼ 0.07% MIB 51,982 ▲ 0.23% IBEX 19,256 ▲ 0.26% STOXX 638.69 ▼ 0.14% EUR/USD 1.1416 ▲ 0.02% GBP/USD 1.3381 ▼ 0.34% SPX 7,480 ▲ 0.49% DJI 52,013 ▲ 0.34% NDX 28,976 ▲ 1.30% RUT 2,955 ▲ 0.42% TSX 35,093 ▲ 0.38% VIX 17.97 ▼ 3.65% USD/CAD 1.4088 ▲ 0.07% US10Y 4.6380 ▲ 0.87%
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Tuesday, July 21, 2026

Brazil Agri Business

Brazilian Beef Export to U.S. Crashes by 80%, While Argentina Sees a 46% Plus

By · July 23, 2025 · 2 min read

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Brazil’s beef shipments to the United States have collapsed, falling by 80% from April to July 2025, according to official figures from Brazil’s Ministry of Development and industry sources.

Volumes dropped from 47,800 tons in April to just 9,700 tons in July, as the U.S. imposed new trade barriers and signaled an incoming 50% tariff effective August 1.

The abrupt contraction has stripped Brazil of a key market that generated $1.04 billion in revenue in the first half of 2025, when shipments had already exceeded the entire annual U.S. low-tariff quota by nearly threefold.

American buyers began canceling orders in April after an initial 10% tariff hike, leading dozens of Brazilian processors to halt or divert production meant for the U.S.

The meat Brazil exports to the U.S. primarily consists of forequarter cuts that see limited demand at home, leaving Brazilian packers and rural workers exposed to sharp losses.

Brazilian Beef Export to U.S. Crashes by 80%, While Argentina Sees a 46% Plus
Brazilian Beef Export to U.S. Crashes by 80%, While Argentina Sees a 46% Plus. (Photo Internet reproduction)
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Official projections put the sector’s losses at upwards of $1.3 billion for the latter half of 2025 if the tariffs continue. While Brazil’s market share plummeted, Argentina experienced a significant, if not proportionally equivalent, gain in U.S. beef sales.

Government and USDA reports confirm Argentina’s beef shipments to the U.S. increased by roughly 46% year-on-year during the first part of 2025, as American importers rushed to secure alternatives to Brazilian supply.

Argentina Gains as U.S. Tariffs Disrupt Beef Trade

Argentina’s export sector benefited from higher prices and stronger orders, particularly for processed and ground beef.

However, despite the notable percentage increase, Argentina’s total export volumes to the U.S. remain well below Brazil’s previous highs and are still constrained by separate quota limits and ongoing demand from China, which still receives most of Argentina’s beef exports.

This dramatic change stems from the U.S. decision to impose 50% tariffs in response to Brazil’s undemocratic handling of political opposition, a move that has quickly disrupted global trade flows and altered supply chains for beef across the Americas.

The effects reach from Brazilian ranchers and plant workers facing cutbacks, to Argentine exporters gaining ground, to American consumers encountering higher supermarket prices.

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