Retention of animals and movements of China and USA influence the beef market

The market for fattened cattle ended this Thursday (30) with a positive bias, driven by improved pasture conditions and a gradual increase in domestic demand. According to Isabela Ingracia, an analyst at Datagro, the Datagro indicator for Fattened Cattle closed this Thursday (30) at R$ 318.58 per arroba in the São Paulo market, reflecting a price support movement in recent weeks. According to the analyst, the scenario of more regular rains in the main producing regions during the second half of October has led to greater retention of animals, which reduces the immediate supply of cattle ready for slaughter. "These precipitations have favored the pastures and allowed the producer to hold onto the cattle a little longer, diluting the concentrated lots," she explained. On the domestic demand side, the market is beginning to feel the effects of the end-of-year seasonality, with expectations of increased consumption in November and December, driven by the holidays and the payment of ...