Fresh Whole Beef Prices in Brazil Drop 13.9% YoY in Nov-23 Due to Elevated Production and Increased Animal Supply for Slaughter

In W48, the average wholesale price of fresh whole beef (flank) in São Paulo, Brazil, reached USD 2.57/kg, a significant 13.9% YoY drop. This decrease is mainly attributed to the elevated beef production resulting from an increased supply of animals for slaughter. Despite the ongoing trend of declining prices, beef rates are anticipated to rebound in the coming months.