Live cattle prices remain stable in Brazil

Live cattle prices have settled down after recent drops in the country's main production and marketing areas this Monday. According to the analyst at Consultoria Safras & Mercado, Fernando Henrique Iglesias, the week started with an insignificant flow of business. “These factors support the industry's strategy of exerting pressure on the market, which has been happening uniformly throughout Brazil, with the exception of Rio Grande do Sul, a state where scales are tighter,” said Iglesias. The wholesale market presents stable prices. But the bias is still for some price drop ...