Finished cattle prices find support, some regions see gains

On the last day of May, Brazil’s physical market for finished cattle remained stable in most cattle-raising regions—a trend that held through the start of the first week of June, with some regions even seeing price increases. Market consultancy Safras & Mercado reported gains at the beginning of this week in São Paulo (R$300.75/@), Mato Grosso, Mato Grosso do Sul, Pará and Minas Gerais. According to Agrifatto, good pasture conditions for this time of year have allowed producers to hold back animals, leading to a reduction in slaughter schedules in four of the nine monitored regions. The national average fell to 8 working days.