Arroba of fat cattle: see how the livestock market started the week

The physical market for fat cattle opens the week with prices predominantly accommodating, while attempts to buy at lower levels are evident. Consultancy analyst at Safras & Mercado Fernando Henrique Iglesias stated that Monday was marked by slowness, with few deals concluded. "After the euphoria caused by the reduction of tariffs on Brazilian beef by the United States came the depression, with many rumors surrounding China and the potential safeguards that may be announced in the next two days," he says. According to him, the importance of the Asian giant in the imports of Brazilian beef explains the reasons for such volatility in the futures of fat cattle. The wholesale market faces some drop in its quotations. However, the expectation is for a recovery over the course of the week. "This will happen in line with the good demand projected for the rest of the year, with the incidence of the 13th salary, creation ...