Brazil beef farmers see favourable November - Cepea
Several states ship record volume in October
9 December 2024
1 minute read
By: The exchange ratio between fed cattle and calf and lean cattle in Brazil was favourable for beef finishing farmers in November, according to a recent market report from Cepea.
In São Paulo, Mato Grosso do Sul, Mato Grosso and Goiás, levels are the highest of this year, surpassing that observed in the off-season period last year.
Therefore, beef finishing farmers may close new trades, increasing the supply of animals to the industry in the coming year.
In São Paulo, by selling one animal (18 arrobas), farmers are able to purchase 2.5 calves or 1.56 lean animal – prices in SP in November.
The list of states that shipped a record volume of beef in October is long: São Paulo, Minas Gerais, Mato Grosso do Sul, Mato Grosso, Paraná and Rondônia. From the 300 thousand tons exported in that month, São Paulo accounted for 24.3%. Mato Grosso, Goiás and Mato Grosso do Sul participated with 21.1%, 12.7% and 10%, respectively.
