Fat cattle: arroba prices resume their rise with limited supply

The article reports a rise in live cattle and beef prices in the physical market, driven by tighter slaughter schedules and limited supply. The market is optimistic for the second half of the year, with strong demand, especially in exports. However, the price increase is not dramatic and is expected to be stabilized by the significant cattle supply expected in 2024. The wholesale market also saw an increase in beef prices, with expectations of continued short-term growth due to income inflow and stock replacement.

The physical market for live cattle records a new rise in prices, with industries operating with tighter slaughter schedules in a scenario still marked by restricted supply. The highlight of the day was the movement in Goiás. The prospects for the second half of the year are optimistic, with good demand indicators, especially in exports. “Despite the increase, the movement is not explosive, unlike on other occasions, as 2024 still presents a significant supply of cattle”, ponders Fernando Henrique Iglesias, analyst at Consultoria Safras & Mercado. The wholesale market also records an increase in beef prices. “The business environment suggests ...