Live cattle prices plummeted during the week and is there room for new valuations in Brazil?

Published 2024년 12월 8일

Tridge summary

The Brazilian beef market experienced a decrease in prices per arroba in the first week of December, following high prices in November. The entry of confined animals in the market led to industries extending slaughter schedules, changing cattle purchasing behavior. In November, Brazil's exports of fresh, frozen or chilled beef generated US$ 1.109 billion, with a daily average of US$ 58.420 million. The country exported a total of 228,132 thousand tons of beef, with a daily average of 12,007 thousand tons, at an average price of US$ 4,865.50 per ton.

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

Original content

The Brazilian beef market scenario changed significantly throughout the week. Unlike the highs recorded throughout November, the first week of December was marked by a decline in the prices paid per arroba. According to Safras & Mercado analyst Fernando Iglesias, as anticipated last week, the entry of confined animals into the market ended up contributing to industries extending slaughter schedules, causing a change in behavior when purchasing cattle. Exports of fresh, frozen or chilled beef from Brazil generated US$ 1.109 billion in November (19 business days), with a daily average of US$ 58.420 million, according ...

Source: CanalRural