Brazil: Livestock market drops sharply in February

Published 2023년 3월 6일

Tridge summary

A recent article highlights a significant drop in the livestock market, specifically live cattle prices, following the diagnosis of mad cow disease on a Pará property, leading to a suspension of beef exports to China. This situation, reminiscent of a similar event in 2021 that took over three months to resolve, indicates a challenging period for the Brazilian livestock industry. In contrast, the domestic corn market has shown resilience despite delayed planting, while the oilseed market has experienced growth, likely due to challenges in other major producing countries like Argentina.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The drop in the livestock market is related to the fact that an animal was diagnosed with mad cow disease on a property in the interior of Pará. The fact caused a sharp drop in the prices of live cattle. The trade agreement with China suspends beef exports in the face of such an event, whether typical or atypical cases. The last time this happened was in 2021 and it took 100 days for the market to reopen. In corn, despite the delay in planting the second crop, the domestic ...

Source: Opresenterural