The physical cattle market had a busy day after two very busy days in B3. According to the consulting firm Safras & Mercado, many industries began to refrain from purchasing livestock.
“Some slaughterhouses are already beginning to test prices at lower levels, in the same way that some increase in supply is already evident, even if only occasionally. The psychological factor has been a determining variable to justify this behavior, with two atypical days in the market,” says company analyst Fernando Henrique Iglesias.
According to him, attention must be paid to the arrival of confined people scheduled for the first half of December, which could influence the behavior of prices.
Average prices of live cattle.
- Mato Grosso do Sul: 341.70 reais
Wholesale market
The wholesale market offers reasonable prices. According to Iglesias, it is difficult to achieve new increases even in a period of very intense demand.
“HE beef “It has lost a lot of competitiveness compared to competing proteins, especially when compared to chicken meat, which remains the main alternative at the moment.”
The front quarter still has a price of 20.50 reais per kilo. The hind quarter still has a price of R$ 26.50 per kilo. The tip of the needle remains at R$ 19.50 per kilo.
Exchange
The commercial dollar closed the session with an increase of 0.19%, trading at R$ 6.0019 for sale and R$ 5.9999 for purchase. During the day, the North American currency oscillated between a minimum of R$ 5.9557 and a maximum of R$ 6.1153. Over the week and month, the currency appreciated by 3.26% and 3.82%, respectively.
