The decline in the supply of fed cattle also affects the valuation of beef in Brazil because it continues to suppress domestic supply. Domestic demand may continue to fall if the consumers prefer pork protein types such as pork or poultry. Brazil shows a significant price increase from 2.49 USD to 3.91 USD in W3 May 2021. Meanwhile, beef on the Russian market has fallen significantly by more than 50% from last year, is now worth 3.21 USD in the third week of May 2021.
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