Tight schedules and heated demand sustain appreciation; beef exports may hit a record
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The physical market for fattened cattle continues to face higher prices this Thursday (30). Analyst Fernando Henrique Iglesias from Safras & Mercado states that the market is more likely to keep rising in November. He explains that slaughterhouses are operating with tighter schedules and demand is heated. "We have a forecast that exports will hit a record this year. Supply will decrease in the last two-month period, and this increases the possibility of higher prices for the arroba of fattened cattle," he concludes. The commercial ...
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