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Cottonseed meal (38% protein) in São Paulo averaged R$1,518.87/t in the second half of July, down 2.7% month on month. Conab reports the cottonseed harvest at 39.7% of estimated area.
Fat cattle prices have also been falling.
A growing harvest and larger expected offer are likely to keep cottonseed meal prices under pressure. Lower prices improve feed affordability for Brazilian livestock producers.
scotconsultoria.com.brAug 14, 2023scotconsultoria.com.brAna Paula OliveiraAug 14, 2023scotconsultoria.com.brAna Paula OliveiraAug 14, 2023Not enough comparable past events yet for a historical read.
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.
