Pressure on prices in Brazil: Arroba and beef continue to be impacted post-carnival
Frozen Bone-In Beef
Fresh Whole Beef
Meat
Brazil
Market & Price Trends
Published Feb 23, 2024
Tridge summary
Post-carnival demand has led to a decrease in arroba and beef prices, causing some slaughterhouses to halt purchases due to the negative impact on regional averages. Despite this, fresh beef exports have remained strong in the first half of February, with daily shipments averaging 10.49 thousand tons. If this trend continues, exports could reach nearly 200 thousand tons by the end of the month.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
Arroba and beef prices remain under pressure, with post-carnival demand showing little reaction. According to Cepea analysts, some slaughterhouses with more extensive scales were left out of purchases at the beginning of this week. Given this scenario, higher prices were no longer applied, leading to negative adjustments in regional averages. Internationally, fresh beef exports showed a robust pace in the first 10 business days of February. According to data from Secex, daily shipments reached an average of 10.49 thousand tons, totaling 104.91 thousand tons already sent abroad this month. Comparatively, in the ...
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes.
To learn more about our cookies, please read our Privacy Policy.