The prices of beef in Brazil after Chinese bill shakes the sector

The physical market for beef cattle showed little variation in prices throughout this Friday (27). According to the consulting firm Safras & Mercado, the day dragged on due to the proximity of the New Year, with many agents absent or out of negotiations. “A gradual resumption of liquidity is expected during the first half of January. In some states, such as São Paulo, signs of comfortable scales continue, leading to a calm performance in purchases”, said Allan Maia, an analyst at the company. It was reported on the day that China began an investigation into beef imports from that country. The investigations cover beef from all countries that supply the Chinese market. The investigation by the authorities of the Asian giant will take place over a minimum period of 8 months, and may be extended. Until then, sales continue to occur normally. “Entities linked to the Chinese livestock industry are claiming that large imports are harming local activity. Developments should be closely ...