Increased supply pushed finished cattle prices down

The arrival of cold weather in Brazil’s south-central region boosted the supply of cattle for slaughter and pushed prices downward. In São Paulo, prices fell by R$ 5/@ over the week, according to consultancy firm Scot. The weighted average across Brazil’s main cattle-producing regions for finished cattle with 30-day payment terms and exempt from the Funrural tax stands at R$ 300.4/@, down R$ 3.4 on the week, ending a four-week upward streak.