Brazil: The average daily price of live cattle points to an evolution of 10.1% during March

Published 2023년 3월 31일

Tridge summary

The average daily price of live cattle in March has significantly increased compared to the same period last year, with a 110.1% rise over the average price in the last closing day of February. Although not at the same level as last year, the price is 15% lower. The reopening of the Chinese market to Brazilian products has had a positive impact, and the price is expected to remain stable by the end of March.

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

Original content

According to the monitoring of the average daily price of live cattle during March, although showing small setbacks in recent days, the ruminant continues to present an evolution well above that achieved in the same period last year. In any case, it is worth mentioning that the price level is 15% below that period. The current daily average price shows an increase of 110.1% over that received on the last closing day of last February, surpassing by almost 8.9 percentage points the index of 101.2% reached in the same period of last year. The reopening of the Chinese market to Brazilian products has brought new energy to ...

Source: Portal Do Agronegocio