Prices of beef exported from Brazil fall

São Paulo – Brazil sold raw beef for lower prices in the third quarter compared to the previous quarter and the same period last year. So said a report released on Monday (6) by Brazilian meatpacker Minerva Foods. The average dollar price of exported beef was USD 4.6 per kg from July through September, down from USD 5 in the April-through-June period and USD 6.2 in Q3 2022. Falling prices of beef were also seen in Brazilian reais, standing at BRL 22.4 per kg in the third quarter. The previous three-month period had seen the kilo sold for BRL 24.6, while Q3 2022 had seen it at BRL 32.7. Minerva’s information is based on data from Brazil’s Ministry of Development, Industry and Trade. Minerva reports increased slaughters in Brazil in the Q3. However, live cattle prices in the São Paulo state are on a downward trajectory, with the “arroba” – a standard 15-kilo measure used as a benchmark – falling both quarter on quarter and year on year, which also happened in dollar cattle prices . ...