Brazil: Daily value of beef exports falls 7.5% in December

Published Dec 22, 2024

Tridge summary

The Brazilian beef cattle market maintained stable prices for arrobas and meat exports in the early days of December. Meatpacking plants continued to operate at a steady pace, but the market is showing signs of liquidity loss with a downward trend in arroba prices due to a decrease in demand in the wholesale market. Beef prices have fallen as it is losing competitiveness against cheaper proteins like chicken and pork. However, exports of fresh, frozen or chilled beef from Brazil in December generated US$438.372 million, with a daily average of US$43.837 million. The total exported amount reached 89.335 thousand tons, with a daily average of 8.933 thousand tons.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Brazilian beef cattle market showed stable prices for the arroba throughout the week and for meat exports in the first days of December. According to Safras & Mercado analyst Allan Maia, meatpacking plants managed to maintain extended slaughter schedules and continue to operate at a steady pace in the purchase of beef, keeping the pace of business quite slow. “With the end of the year approaching, the market is signaling a loss of liquidity, with a downward trend in the prices of the arroba, depending on the response of demand at wholesale.” The prices of the arroba of beef cattle in the forward mode in the main trading centers of the country were as follows on December 19: The wholesale market faced lower prices throughout the week. According to Allan Maia, beef continues to lose competitiveness against lower-priced proteins, such as chicken and pork, which contributed to the decline in prices. Beef forequarter cuts were traded at R$20.30 per kilo, compared to R$20.50 per ...

Source: CanalRural