Average prices of live cattle retreated in Brazil

Average prices for live cattle declined throughout November in most markets monitored by Cepea, pressured mainly by the greater supply of animals for slaughter. In view of this, in November (until the 29th), the CEPEA/B3 Livestock Indicator (São Paulo market) had an average of R$ 283.27, down 4.54% compared to October and a significant 10.4% compared to November of last year, in real terms (the values were deflated by the IGP-DI). According to data from the Cepea newsletter, it is also the lowest real average recorded by Cepea since October 2019, when it was R$ 254.29. This draws the attention of sector agents consulted by Cepea because it shows that the current values returned to ...