Removal of high tariff brings expectation of improvement in the price of the arroba of fat cattle

The beef market recorded a week of lower prices for the arroba until mid-week. In the midst of the Black Consciousness holiday in Brazil, the President of the United States, Donald Trump, announced the withdrawal of the additional 40% tariffs on beef exported by Brazil, which returns to work with a rate of 26.4%. According to Safras & Mercado analyst Fernando Iglesias, this news somewhat cheered up the market upon returning from the holiday, with future beef prices rising more than 2% on B3. In the physical market, some deals began to appear at R$ 330 in São Paulo. "However, in general, price movements are still timid, as slaughterhouses are fearful regarding demand from China," says Iglesias. He stresses that there is uncertainty in the market regarding the position of the main importer of Brazilian beef protein in relation to the investigations being conducted since the end of last year, considering possible losses to producers in that country in light of the strong imports of ...