Analysis

Beef Prices in Pernambuco, Brazil Average a 3-Year Low this June

Fresh Whole Beef
Meat
Brazil
Market & Price Trends
Rene Salinas
Published Jul 6, 2023
In June 2023, wholesale beef prices in Pernambuco, Brazil (carcass, front) averaged their lowest levels since August 2020, at BRL 15.50/kg. Beef prices in Brazil have been declining due to increased production (incentivized by great demand expectations from abroad) and low domestic demand. Seasonality and current levels suggest a recovery in H2 2023.

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