The Global Livestock Report

With two of the three days of the Sial fair completed, Copayan’s CEO Fernando González said the event has been “very quiet,” falling short of the meat industry’s expectations, with lower-than-usual foot traffic

This Thursday, May 22, a ceremony will be held to receive the bulls that President Lacalle Pou gifted to his Chinese counterpart, Xi Jinping

"Five years ago, the business was much more about commodities", said said Allison Navarro of Marfrig and BRF during the Sial fair in Shanghai

"Last year we were discussing stocks, with a market that wasn’t moving. This year is different,” said Fausto Brighenti of Ideal Trading, referring to Chinese demand during the Sial fair in Shanghai

Compared to last market test, import prices were slightly to moderately higher, instances generally steady. Trading was slow to moderate. There were heavy supplies of imports from Brazil.

The battle for primacy between futures and cash prices has been ongoing all of this year and won’t end soon. The sustainability of margins in the processing, cattle feeding and stocker operations will be at risk until the herd rebuilds and that is not a quick fix. Cattle owners will continue to hold tight supplies giving them leverage for higher prices.