Brazil: Fat cattle prices plummeted over the week

The Brazilian live cattle market continues to face a fragile scenario, with arroba prices falling once again in Brazil. Refrigerators claim that exports are negatively impacting revenue, while domestic demand is also weakened. This set of factors is putting pressure on arroba prices, with slaughter schedules moving forward without significant resistance on the part of cattle ranchers, which feeds a pessimistic tone for price formation, according to Safras & Mercado analyst Fernando Iglesias. In addition, ox prices are also falling in the futures market. São Paulo: Reference to the arroba of the cattle in installments fell 4.44%, from R$ 225.00 to R$ 215.00. Dourados (MS): Decrease of 4.44%, at R$ 215.00 compared to R$ 225.00 in the previous week. Cuiabá (MT): Drop of 2.87%, going from R$ 209.00 to R$ 203.00. Uberaba (MG): Price fell 6.67%, from R$ 225.00 to R$ 210.00. Goiânia (GO): Decrease of 4.65%, price indication going from R$ 215.00 to R$ 205.00. Wholesale market also drops ...