Brazil: Livestock market drops sharply in February

Updated Mar 7, 2023
The drop in the livestock market is related to the fact that an animal was diagnosed with mad cow disease on a property in the interior of Pará. The fact caused a sharp drop in the prices of live cattle. The trade agreement with China suspends beef exports in the face of such an event, whether typical or atypical cases.
The last time this happened was in 2021 and it took 100 days for the market to reopen. In corn, despite the delay in planting the second crop, the domestic price remained relatively stable. The oilseed registered appreciation throughout ...
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