With heated external demand, fattened cattle signal a reaction in prices in October.

The Brazilian beef market closed October with signs of appreciation in the arroba, driven by a promising scenario in exports. According to Fernando Iglesias, an analyst at Safras & Mercado, the lower positioning of slaughter scales and the heated demand contributed to the rise, especially in the Center-North. In São Paulo, the arroba reacted only in the last week of the month, after a period of stability. For November, with shipments still heated and the expectation of an improvement in domestic demand, there is a prospect of the rise continuing. However, Iglesias warns of the investigation conducted by China, which may result in safeguards on beef exports. In the wholesale market, prices remained firm throughout October, benefiting from the replenishment between wholesale and retail, as well as the increase in money circulation due to the thirteenth salary, temporary employment positions, and year-end celebrations. Brazilian exports of fresh, frozen, or chilled beef generated ...