Live cattle prices stabilize, but show an upward trend in the first half of January in Brazil

The physical market for beef cattle was slow throughout the day and with stable prices, depleted due to the end-of-year period. According to information from the consulting firm Safras & Mercado, liquidity in the physical market should gradually improve during the first half of January. According to Allan Maia, an analyst at the company, in several locations in the country, such as São Paulo, there are signs of comfortable slaughter scales. According to him, on the other hand, meat consumption tends to decline after the turn of the year. “This is normal, since the population avoids large financial expenditures, especially for the most expensive cuts. Over the next few weeks, market agents should pay attention to slaughter scales, the evolution of meat at wholesale and the flow of exports”, he considers. The wholesale market was marked by comfortable prices throughout the day. In the midst of the holiday season, market agents should now pass on expectations for the replacement ...