Brazilian beef production will grow rapidly over the next 10 years as the use of feedlots becomes more common, Rabobank said in a research report.
Capacity at lots will double to 9 million head of cattle a year in response to surging global demand, it said.
"We believe Brazil's beef industry is on the verge of a transformational shift towards rapid intensification, which will help meet growing global demand," said the report.
Brazil is already the world's No. 2 beef producer and the largest exporter, but remains inefficient by global standards, with below-average productivity.
Currently, the overwhelming majority of Brazilian ...