The downward trend in boi gordo prices seen over the previous four weeks came to an end last week, with the market rising in some states and remaining stable in others.
The average boi gordo price in Brazil’s main cattle-producing states increased by R$ 2.6 over the week to R$ 318.4 per arroba, based on state references from consultancy Scot, excluding the Funrural tax and with payment in 30 days. Prices increased in states such as São Paulo, Mato Grosso do Sul, Minas Gerais and Rondônia, while they remained stable in others including Mato Grosso, Goiás and Rio Grande do Sul.
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