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JBS States Brazil Reached China Beef Export Quota on May 13; Corn Prices Expected to Rise

GateNews

2026-05-13 14:56:14

According to Jin10 Futures, JBS executives stated on May 13 that Brazil reached its beef export quota to China, which may lead to price declines benefiting domestic market sales. Additionally, Mexico’s reopening of cattle ranching at the border could ease U.S. beef supply pressure in the near term.

On global corn demand, JBS forecasted strong demand with corn prices expected to rise due to weather and fertilizer cost pressures. The company stated it is well-positioned to manage commodity price volatility and prepared for potential reduced output in Brazil’s second corn crop.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

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