Brazilian Beef Prices Fall to Multi-Month Low on the Back of Currency Fluctuations

Frozen Boneless Beef
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Published Jul 19, 2022
Beef prices in Brazil fell to multi-month lows in the week starting July 18, 2022. Carcass prices (rear) in Guarapuava, Brasil stood at $4.82/kg, their lowest level since February 7, 2022. Meanwhile, carcass (front) prices in the same region stood at $3.49/kg, their lowest level since March 28, 2022. Much of the recent decline in USD terms can be explained by a much stronger US dollar against the Brazilian real.
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