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Brazil - Markets

Second consecutive week of lower slaughter cattle prices

A larger supply of grassfed cattle, triggered by poorer pasture conditions, pushed slaughter cattle prices down last week, giving quotes in reais a second straight weekly decline. The average boi gordo price in the main exporting states, according to Scot Consulting references, net of the Funrural tax and on 30 day payment terms, fell by R$ 6 on the week to R$/@ 304.6, for a cumulative drop of almost R$ 10 over the last two weeks.

Plant bookings are relatively comfortable, averaging nine days nationwide and reaching twelve days in the state of Pará, Agrifatto reported.

Beef sales on the domestic market, however, were very strong over the past weekend, which could support prices in the coming days and already lifted futures. On B3, September to December 2025 contracts gained R$/@ 6 7 over the week. Agrifatto notes that wholesale beef stocks “ran out” over the weekend because of “intense trading” driven by demand “higher than that seen at Christmas 2024”. Processors therefore sought cattle—even on Saturday—for slaughter, placed “strong demand for forequarters” and requested earlier deliveries.


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