Cattle destined for beef production exported to the Chinese market increased by R$ 2 per arroba in São Paulo.
Following the positive trend observed in the physical market for fat cattle in recent days, the “China beef” category saw a price increase on Tuesday (October 29). This specific type of cattle, intended for meat production exported to China, also faces a limited supply, driving up prices.
In Barretos (SP) and Araçatuba (SP), which are reference points for the state, the gross price of “China beef” rose by R$ 2 per arroba on a daily basis, reaching R$ 317 per arroba on credit, according to a survey by Scot Consultoria.
This category is priced R$ 5 per arroba higher than conventional fat cattle, which is quoted at R$ 312 per arroba.
According to Scot, the prices for fat cattle and females remained unchanged as some slaughterhouses are still out of the market this week.
The upward trend is also observed in other regions of Brazil. In Mato Grosso, the price of beef cattle increased by R$ 60.47 in the partial for October (up to the 25th), compared to the same period in October last year, as highlighted in a report by the Instituto Mato-grossense de Economia Agropecuária (Imea).
“Given the expectation of a lower supply of cattle ready for slaughter, prices are expected to remain firm in the coming weeks in Mato Grosso,” stated the institute.
However, Imea cautioned that a point of concern in the medium term is the supply of pasture cattle and non-pregnant females during the breeding season, which could influence cattle prices.
