The price of fat cattle follows an upward trend; see the prices per arroba

The physical market for fattened cattle shows price accommodation in most of the country, with one or two deals made above the average reference. According to analyst Fernando Henrique Iglesias from Safras & Mercado Consultancy, demand is an important variable for the resumption of the upward movement in the cattle market, considering the expectation of a good sales pace for the United States, a market that faces a great need to buy. "In addition, domestic demand is heated because December is the month of best consumption of beef in the year," he said. The wholesale market still shows price accommodation over the week. According to Iglesias, the business environment still suggests a rise in prices in the short term, in line with the excellent consumption potential during the last two months. He emphasizes that the cuts from the rear present greater ...