Tridge summary
The Brazilian live cattle market experienced a fluctuation last week, with a slight rebound largely due to exports to China, despite a weak domestic beef market. The average weekly price was R$285.08 per arroba, showing a 2.5% increase from the previous week but a significant 18.1% decrease year-over-year. The total price accumulated in March was R$278.24, marking a decrease of 4% and 19.3% compared to February and March of the previous year, respectively. The coming week is expected to see slow retail trade due to low consumer purchasing power, with demand for live cattle being influenced by the need for slaughterhouses to increase slaughter scales for the foreign market.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
During the past week (12th week of 2023, March 19th to 25th) while the live cattle market remained retracted until mid-week due to the weakness in the domestic beef market, the release of exports to China created a boost in business carried out with cattle ranchers and expressive readjustments in the last two days of business. The result in the live cattle market was an average weekly price of R$285.08 per arroba, meaning an increase of 2.5% in the week and a significant drop of 18.1% over the same week last year. For now, the average price accumulated over the course of March reached R$278.24, meaning retreats of 4% and 19.3% over, respectively, last February and March of last year. The current week (13th week of 2023, March 26th ...
Source: Portal Do Agronegocio
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