The physical cattle market remains firm

According to StoneX information, physical prices for finished cattle remain firm on an appreciation trajectory, contrasting with the decline observed in futures contracts. In Mato Grosso, the value per arroba advanced for the second consecutive report, rising from R$ 314/@ to R$ 319/@, accumulating an increase of over R$ 11/@ since the beginning of June. In Mato Grosso do Sul, prices also record an increase, reaching R$ 316/@ and surpassing São Paulo, where the arroba is traded at R$ 315/@. This movement highlights the strength of regional demand and the upward bias in the physical market. In the external market, Brazilian beef exports, although lower than in April, exceeded the volume of May 2024, reaching 218 thousand tons. The result is in line with the sector's seasonality, which traditionally records more robust volumes starting in July, following the increase in supply of finished confined animals and the growth of international demand. In contrast, the futures market for ...