Live cattle prices plummeted during the week and is there room for new valuations in Brazil?

The Brazilian beef market scenario changed significantly throughout the week. Unlike the highs recorded throughout November, the first week of December was marked by a decline in the prices paid per arroba. According to Safras & Mercado analyst Fernando Iglesias, as anticipated last week, the entry of confined animals into the market ended up contributing to industries extending slaughter schedules, causing a change in behavior when purchasing cattle. Exports of fresh, frozen or chilled beef from Brazil generated US$ 1.109 billion in November (19 business days), with a daily average of US$ 58.420 million, according ...