Meat market in Brazil: Prices for live cattle, live pigs, and chicken show variations in early December

The price of beef cattle began the month of December with a slight decline, after the significant increase of 10.47% recorded in November. The CEPEA/B3 Indicator, which tracks the value of the arroba, closed on Monday (2) at R$ 351.80, with a slight drop of 0.04% compared to the previous day. Although the devaluation was small, the market remains supported due to the increase accumulated last month. In dollars, the price of the arroba was US$ 57.98, reflecting the slight devaluation in the domestic market. This price balance is attributed to the adjusted supply and firm demand, factors that boosted the market in November. With the beginning of December, the sector is closely monitoring the behavior of domestic consumption and exports, which may exert pressure on prices in the coming weeks. In the State of São Paulo, the average forward price of beef cattle remained stable on the first business day of December, reaching R$ 355.08, according to data from CEPEA. In November, the ...