The price of fattened cattle ends another day in decline; see quotes

The physical market for fattened cattle is once again facing purchase attempts at lower levels throughout this Tuesday (18). "The slaughterhouses are still fearful about China and what the main importer of Brazilian beef will decide regarding the investigations that have been ongoing since the end of last year," says Fernando Henrique Iglesias, an analyst from the consultancy Safras & Mercado, regarding the safeguard measures that the Asian nation is studying to implement to protect itself from the impact of imports on local production. According to him, domestic demand remains heated, considering the incidence of the 13th salary, the creation of temporary jobs, and the celebrations inherent to the end of each year. The wholesale market is still facing firm prices throughout the week, and the business environment ...