Brazil feed cattle market on upward trend - Cepea
The market has been rising since July
18 September 2024
1 minute read
By: Brazil's fed cattle market has been in an upward trend since July, according to a recent market report from Cepea.
In early September, some trades have hit BRL 250/arroba in São Paulo state. In Mato Grosso do Sul, this value was reached in late August. On September 13, CEPEA/B3 Index for fed cattle closed at BRL 254.00, for an increase of 6% against that on August 30. In August, quotations upped 3.12%.
The weather was very dry in the first fortnight of September, and the supply of pasture-raised animals was restricted. Delivery windows are likely to be filled with animals from feedlots.
Between April and mid-July, the volume of animals in feedlots was smaller compared to that in the same period last year, according to data from DSM, in a partnership with Cepea. It means that the volume of animals ready to be slaughtered in the coming months may be smaller than in last year. However, it is worth noting that the beef production depends on productivity.
