Rumors of a pullback in China's purchases mark the end of the week for beef cattle.

The beef cattle market registered a somewhat troubled week in terms of business. The scenario was influenced by speculations that meetings are occurring in China with representatives of the Brazilian agribusiness due to the presence of Fluazuron above the permitted level in batches sent by the country. According to analyst Fernando Iglesias from Safras & Mercado consultancy, there is a possibility of a retraction in Chinese purchases in the very short term, which led the futures market for beef to price in falling prices on November 6. The market is also monitoring the outcome of an investigation conducted by China on safeguards, initiated in December 2024, to evaluate whether purchases from Brazil harm the local industry. Iglesias warns that this process could have a negative effect on Brazilian beef exports. Given this scenario, many slaughterhouses reduced or suspended the purchase of cattle on November 6. Nevertheless, the weekly balance points to higher prices for beef ...