Brazil, the availability of cattle remains tight, forcing higher price formation — Photo: Wenderson Araujo/CNA Quotations tend to remain at high levels until the Chinese purchase quota is filled. The accelerated pace of filling the beef export quota for China, at a time of restricted supply of animals for slaughter, caused the price of fattened cattle to reach a historical nominal record. On Wednesday (4/8), the indicator of fattened cattle Cepea/Esalq, a benchmark for the market, reached R$ 365 per arroba, an increase of 2.53% in the month. In 12 months, the appreciation is 12.5%. The demand for cattle is heated because slaughterhouses are racing to expand exports to China, Brazil's main client, while there is still space in the quota with reduced tariff. As a result, the industry expects the quota to be fully filled by May. Since the beginning of the year, China has imposed safeguards on beef imports from different suppliers and established a quota of 1.1 million tons for ...