Corn has a sharp drop and the livestock market continues to slow down in Brazil
Frozen Bone-In Beef
Maize (Corn)
Meat
Brazil
Published Jun 8, 2023
Tridge summary
In the corn and soybean meal markets, prices fell in May, with emphasis on corn.
Cereal prices fell by around 30% over the month, with greater sales volume from producers, a drop in international prices and expectations of a high harvest in Brazil.
In the livestock market, the declines also remained strong, with practically a year of consecutive decline in the fat cattle at sign.
Weak internal demand and a lower export volume compared to last year ended up contributing to this drop in prices.
Original content
In the corn and soybean meal markets, prices fell in May, with emphasis on corn. Cereal prices fell by around 30% over the month, with greater sales volume from producers, a drop in international prices and expectations of a high harvest in Brazil. In the livestock market, the declines also remained strong, with practically a year of consecutive decline in the fat ...
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