
The Senate approved the main text of the government's fiscal adjustment package on November 12, 45 to 31. October IPCA inflation rose 0.14% monthly and 4.63% over twelve months, above the target ceiling, while the dollar rose to R$5.66.
Rising Brazilian inflation and a weaker real raise feed and input costs for local producers, and keep domestic interest rates high, which squeezes livestock margins and feed demand.
After 301 past bullish macro events, Brazilian Real (BRL per USD) moved a median +0.4% over 5 sessions (57% higher; middle half -1.2% to +1.7%), and +1.0% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.