Prices for slaughter cattle corrected lower again, although the downward trend moderated compared to previous weeks.
The bearish trend is explained by a moderate increase in the supply of finished animals and weaker domestic consumption, typical for the end of the month.
According to references from consultancy Scot, excluding Funrural taxes and with 30-day payment terms, the average finished male price fell R$ 1.4 during the week to R$/@ 333.5. The market posted a downward trend for the fifth consecutive week.
Slaughter bookings remained mostly comfortable throughout the week, reflecting a scenario of well-supplied packers with greater bargaining power in the purchase of finished cattle, Agrifatto reported. The national average remained stable at 8 working days of bookings, with Minas Gerais standing out as the most comfortable state in the country, at 11 working days.
In the wholesale market, the same source reported a weak weekend in São Paulo, with demand described as “weak to barely reasonable.” This coincided with the typical end-of-month scenario, with falling sales in supermarkets and butcher shops.
