Fiscal weakness amid an election year weighed on the Brazilian currency this week, with the real falling to its weakest level against the US dollar since March.
The moderate increase in finished male prices in reais was offset by a 1.6% decline in the Brazilian currency, which dragged down the regional average. The WBR Mercosur Steer Index fell 1 cent over the week to US$ 4.87 per kg carcass weight, ending five consecutive weeks of gains.
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