Expectation regarding the resumption of purchases by China prevails in the market

Published 2023년 3월 8일

Tridge summary

The World Organization for Animal Health (WHOA) has announced that Brazil's risk status for Bovine Spongiform Encephalopathy (EBB) remains low, posing no threat to public health. The export of beef to China is dependent on political negotiations between the two countries. In São Paulo, slaughterhouses are gradually restarting operations, excluding those exclusively exporting. The cattle market in Brazil is seeing stable prices, with no purchase offers from the 'China bull'. In Santa Catarina, the offer to buy live cattle has increased by R$2.00/@, while in Rio de Janeiro, the buying end has reduced its offer for an ox by R$2.00/@ and for a cow by R$3.00/@.

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

Original content

The World Organization for Animal Health (WHOA) released yesterday (6/3), in a statement to the international market, that the sanitary status of Brazil, regarding Bovine Spongiform Encephalopathy (EBB), remains insignificant in terms of risk to public health. Exports, from now on, involve political issues and dialogue between the governments of Brazil and China. The resumption is expected to be brief. Slaughterhouses in São Paulo are gradually returning to purchases, except for exporting plants, which are awaiting a new position. With the supply of cattle adjusted to demand, prices are stable in the daily comparison. For the “China bull”, there were no purchase offers. Santa Catarina With the shorter slaughter schedules and greater demand, the offer to buy ...

Source: Agrolink