U.S. demand for beef is one of the highlights of the market, notes analyst from Safras & Mercado.
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The physical market for fattened cattle starts the week with few new developments. According to Safras & Mercado analyst Fernando Henrique Iglesias, the business environment suggests some price increases in the short term, in line with the good demand potential forecast for December. According to him, the domestic market is in its best month of consumption, while the pace of shipments is still quite interesting, with good expectations around the North American demand for Brazilian beef. "It is worth highlighting that the position of the North American herd is quite deficient at this moment, requiring more substantial imports in the coming months," he points out. The wholesale market starts the week with prices settled throughout this Monday. According to Iglesias, the business environment still suggests new price adjustments, especially for the cuts of bovine hindquarters, which are in high demand at this time of year. "The driving factors are the arrival of the 13th salary, ...
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