Brazil: Beef prices will rise and consumers will pay more for barbecue this year-end, says analyst

From November until the 11th, the Cepea/B3 indicator for live cattle accumulated an increase of 5.02%, at R$ 334.60 per arroba. In October, the appreciation was 16.13%, going from R$276 to R$318. According to Hyberville Neto, from HN Agro, there is a continued scenario of reduced supply and accelerated exports. In the first 6 business days, the daily average of shipments was 30.4% (12,250 thousand tons) compared to the same period last year in volume and 36.9% in average daily revenue (dollars). “In addition to the reduced supply, we have demand entering the 2nd half of November, with a month that usually has less weak demand in the last 15 days, ‘contaminated’ by the 13th salary. For the final stretch of the year, we will see an acceleration in domestic consumption, as this is the best period of the year”, he explains. “There are many reasons to see cattle prices fall, we could see a drop in prices, perhaps after the first half of December. Still, there is no change in price ...