The price of cattle: How high can the astonishing rise in the price of steer in Brazil go?

The accumulated increase in the price of the “fat boi” in dollars is 48%. Shocking rise in the price of steer in Brazil: How far can the record price go? The value of the free or blue dollar from the period 2005-2023, at constant currency, presents an average of $ 1,840 (today's pesos) per unit. The highest values in the series occur in mid-2020, in the middle of the pandemic, with about $ 3 thousand / $ 3,100 today per bill; and in October 2023 (full electoral campaign and "Plan Platita"), with about $ 2,800 today per dollar. The lowest value occurs between the second half of 2016 and the first half of 2018 (Macri's presidency), when the blue dollar was between $ 1,050 and $ 1,100 today. The current value of the free dollar is 38% below the average for the period 2005-2023. As for the price of wintering calves expressed in free dollars, which today is quoted at US$ 2.35 per kilo, it is 45% above the average of the last 10 years. The astonishing rise in the price of steers in ...