Beef and cattle prices are actively falling in Brazil

Fresh Whole Beef

Brazil

Market & Price Trends

Published Mar 19, 2024

Tridge summary

Brazil experienced a decrease in beef and cattle prices in February due to an oversupply in the domestic market, as reported by the National Center for Advanced Studies in Economics (CEPEA). The price of live cattle in Sao Paulo, a major production region, dropped by 3.92 percent. This is attributed to a new production record of 8.91 million tons of meat, an 8.6 percent increase from the previous record, and limited demand from meat processors. While this could lead to more affordable beef prices for consumers, it may negatively affect the profitability of local farmers and meat producers.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

In February of this year, Brazil experienced a steady decline in prices for beef and cattle. This is reported in the latest report of the National Center for Advanced Studies in Economics (CEPEA). For example, in one of the largest production regions, Sao Paulo, “live” (live cattle) fell in price by 3.92 percent - to 235.4 Brazilian reals (4,345.67 rubles at the current exchange rate) for arroba (used in Iberian countries a measure of weight differs for different countries, for example, in Brazil it corresponds to 15 kilograms - ROSNG). The price of beef carcasses in the Greater São Paulo wholesale market in terms of kilograms decreased by two percent to 16.48 reais. Export of Russian pork to China will not lead to a shortage - IMIT For meat, the reason was its new production record over the past year - 8.91 million tons. This is 8.6 percent above the early maximum and 11.2 percent above the 2022 level. At the same time, beef exports increased by only 22.8 thousand or 2.29 million ...

Source: Rosng