الرئيسية News Should the cattle market continue to increase? View analysis and consult quotes

Should the cattle market continue to increase? View analysis and consult quotes

The physical live cattle market continues to experience rising prices. According to Fernando Henrique Iglesias, analyst at Safras & Mercado, the business environment still suggests the continuation of this movement in the short term, although in a more measured way.

“The slaughter schedules remain in the worst position of the current season, between four and six business days, depending on the state. In the same way, exports continue to be aggressive, reducing the domestic market and increasing the propensity for readjustments throughout the production chain,” he states.

Prices of the arroba of beef

  • Sao Paulo: 320.33 Brazilian reals
  • Goias: 314.64 reais
  • Minas Gerais: R$ 318.53
  • Mato Grosso do Sul: 317.73 reais
  • Mato Grosso: 307.77 reais

Wholesale market

beef - exports
Photo: Henderson Araujo/CNA

The wholesale market faces firm prices. The trend continues to be towards increasing prices in the short term, in line with the entry of salaries into the market. economy during the first fortnight of the month, a period marked by greater attractiveness for consumption.

“Due to issues that involve the purchasing power of the population, at a time of aggressive rise in beef prices, it is most likely that there will be a broad migration process towards more accessible proteins, starting with chicken meat,” Iglesias highlighted.

The hind quarter still has a price of R$ 23.40 per kilo. The front quarter remains at a price of R$ 18.25 per kilo. The tip of the needle, however, remains at the level of R$ 17.50 per kilo.

Exchange

The commercial dollar closed with an increase of 0.03%, trading at R$ 5.7640 for sale and R$ 5.7620 for purchase. During the day, the North American currency oscillated between a minimum of R$ 5.7545 and a maximum of R$ 5.7926.

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