Brazil’s Marfrig Expands Its Presence in Argentina with US$ 20-Million Feedlot

Brazilian cattle Quickfood, a meat processing group installed in Argentina, but that  belongs to the giant Brazilian corporation Marfrig has now purchased 150 hectares in the Argentiniam province of Cordoba to establish one of the largest feedlots in the country.

The US$ 20-million project will have a feeding capacity for 22.000 cattle and is part of the Brazilian corporation’s expansion in Argentina with a second feedlot complex planned for the province of Buenos Aires.

“This is good for cattle ranching; the feedlot is scheduled to begin to operate this year and together with the planned feedlot in Buenos Aires is expected to cover 15% of the Argentine annual demand for cattle,” according to Quickfood’s Miguel Gorelik.

Argentina is one of the world’s leading exporters of beef but the government has restricted exports to ensure the domestic market supply. Argentines are the top world consumers of beef.

Quickfood’s operation comes at a crossroads in cattle farming since an intense drought and better profit opportunities in agriculture had considerably reduced Argentina’s cattle heard and land dedicated to livestock.

Argentina’s herd traditionally has been in the range of 55 to 58 million head but is now below 50 million and slaughter statistics show an abnormal percentage of cows which means calves missing in the coming years.

The project is expected to create 300 full jobs and once in full production would be consuming 124 daily tons of cattle feed for fattening.

Marfrig believes that having its own feedlots will ensure its future activities in Argentina with a steady planned supply of cattle along the the whole year.

In Uruguay Marfrig in the last few years purchased the leading abattoirs, all of them certified to export to the United States, European Union and the Far East.

Mercopress

Tags:

Ads

You May Also Like

Brazil: Lula’s Making Eyes at China

Among the agreements Brazil President Lula hopes to sign in China is one in ...

Brazil Tragedy: Rio Ready to Remove Favelas Residents by Force if Necessary

After Rio’s tragedy, with over 223 confirmed deaths, 140 of them in Niterói, the ...

Mining Investments in Brazil to Reach US$ 47 Billion By 2013

The mining industry in Brazil should receive US$ 47 billion in investment in the ...

Brazil Kept on Watch List for Copyright Piracy

U.S.-based Defenders of Property Rights commended this morning’s decision by the office of the ...

Brazil Reaches Oil Self-Sufficiency by Year’s End

Brazilian petroleum output should be enough by the end of 2005 to meet the ...

Minister Pans Brazil’s Law Giving Congressmen Right to Be Judged by Supreme Court

The president of Brazil’s Federal Elections Court (TSE, Tribunal Superior Eleitoral), Minister Carlos Velloso, ...

Brazilians Got 1.1 Million New Jobs Last Year, 350,000 Less than in 2008

Brazil’s Minister of Labor, Carlos Lupi, presented some preliminary numbers on employment in 2009 ...

Gay Brazil

Bars, movie theaters, hotels and other commerce catering exclusively to gays are doing brisk ...

Brazil Is Not Feeling that Immune to Global Crisis Anymore

Some Brazilian experts believe that no one is going to profit from the international ...

US$ Millions in Brazilian Shoes Barred by Argentina

Argentina put new rules in place for the importation of footwear on September 1st, ...