Agribusiness growth drives exports and cattle markets in Brazil

The agribusiness sectors in Mato Grosso and Mato Grosso do Sul are experiencing significant growth and shifts. In Mato Grosso do Sul, beef exports surged by 47.9% in the first half of 2026, reaching US$ 1.17 billion. This growth was driven by strong international demand, particularly from China, which increased its purchases by 109%, and the United States, which saw a 41.7% rise. Beef now accounts for 20.6% of the state's agribusiness exports, narrowing the gap with cellulose.

In Mato Grosso, the cattle market is seeing rising prices for replacement animals, especially females, due to a strategy of retaining breeding stock. This has led to a 4.44% monthly increase for heifers and a 26.18% annual increase for year-old calves. Additionally, the Brazilian bovine genetics market grew by 12.4% in the first half of 2026, with 12.3 million doses of semen sold, reflecting a push for higher quality herds.

Broader economic indicators show Pix instant payments in Mato Grosso reached R$ 233.46 billion between January and July, averaging R$ 33.35 billion monthly. Meanwhile, Mato Grosso do Sul reported a 12.8% increase in total exports, totaling US$ 7.2 billion, supported by low unemployment rates of 2.7% in the second quarter.