Live cattle average daily price points to an evolution of 9.3% during March in Brazil

Published 2023년 3월 24일

Tridge summary

The average daily price of live cattle in March has increased by 9.3% from the last closing day of February, showing a higher evolution than the same period last year despite being 19.3% below the average price received in the same period from 2022. The market is encouraged by the news of the Chinese market reopening for beef exports. However, the internal market does not present greater possibilities due to loss in the population's purchasing power and the religious period of Lent, which traditionally impacts on lower consumption.

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

Original content

According to monitoring of the average daily price of live cattle during March, the ruminant continues to show a higher evolution than that achieved in the same period last year, although the price level, on average, is 19.3% below that received in the same period from 2022. The current daily average price shows an increase of 9.3% over the price received on the last closing day of last February, surpassing by almost 8.7 percentage points the index reached in the same period last year. The information on the reopening of the Chinese market for beef exports brought more encouragement to the market and, as a result, deals with live cattle showed greater heating and ...

Source: Portal Do Agronegocio