Cattle ranchers cautious: fat cattle remain at accommodating prices in Brazil
Frozen Bone-In Beef
Meat
Brazil
Market & Price Trends
Published Mar 28, 2024
Tridge summary
The physical market for live cattle is currently seeing accommodating prices due to the evolving negotiation dynamics among livestock farmers, as reported by Fernando Henrique Iglesias of Consultoria Safras & Mercado. This trend is supported by favorable pasture conditions, although it is not expected to persist into the second quarter. Meanwhile, the wholesale market's prices have remained stable, with an anticipated recovery in sales in the first half of the month driven by increased consumer spending post-wage payments. Specific prices for cattle parts are mentioned, with the hind quarter priced at R$17.10 per kilo, the fore quarter at R$13.20 per kilo, and the needle tip at R$13.00 per kilo.
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
The physical market for live cattle continues with accommodating prices. “The cadence of negotiations by livestock farmers is changing the dynamics of the market, opening the possibility for negotiations to occur above the average reference”, said the analyst at Consultoria Safras & Mercado, Fernando Henrique Iglesias. According to Iglesias, pastures still offer good conditions to adopt this type of strategy, which should not be repeated throughout the second quarter. The wholesale market presented stable prices this Wednesday (27). According to Iglesias, the business environment points to a recovery in sales during the first fortnight of the month, a period marked by greater appeal to consumption, considering the entry ...
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