Live cattle price in Brazil remains unchanged in November

Published 2022년 11월 18일

Tridge summary

The Brazilian beef market is experiencing a slump in consumer demand, leading to a stagnation in live cattle trade and negatively impacting ranchers. Despite slaughterhouses looking to adjust their schedules, the average daily price of live cattle is staying the same and is lower than both the historical average and the price from the same period last year, which saw a significant increase. Over the last 12 years, the average price evolution has been 4.7%, while last year it was 18.2%. This means the price of live cattle could have been R$291.20 or R$328.70 instead of the current R$278.00. The size of the demand will play a key role in determining the potential for improved business for cattle ranchers in the short term.

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

Original content

The beef market continues to show low movement with the consumer, negatively impacting the business carried out with live cattle with ranchers, even with slaughterhouses needing to improve their slaughter schedules, which are shorter. The current result in the sale of live cattle to livestock farmers is an average daily price that has the same opening value as the month, well below the historical average evolution and the significant evolution achieved in the same period last year. The average evolution of the last 12 years points to a 4.7% evolution in this period, while last year it reached a significant 18.2%. Had these indices been followed, the price of live cattle could have reached, respectively, R$291.20 and R$328.70. However, it is only R$278.00. ...

Source: Portal Do Agronegocio