# Costly grains driving Brazil beef prices down, says Minerva
						 | The Beef Site

> Minerva's CEO told Reuters that high corn and soymeal costs are pushing Brazilian ranchers to send cattle to slaughter rather than feedlots in the second half of 2022. He expects this to add downward pressure on beef prices, alongside weaker domestic demand. Cepea data showed wholesale carcass prices fell 6.3% in May.

- Date: 2022-06-08 · published 2022-06-08T12:00:00.000Z
- Category: market · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/41061-costly-grains-driving-brazil-beef-prices-down-says-minerva-the-beef-site
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Fewer cattle in feedlots means lower demand for corn and soymeal in Brazil, while feed costs remain high. Cattle prices are expected to fall as producers sell early.

## Read by commodity

- SBM: bearish ▼
- CORN: bearish ▼
- LCATTLE: bearish ▼

## Sources

- thebeefsite.com: https://www.thebeefsite.com/news/58690/costly-grains-driving-brazil-beef-prices-down-says-minerva

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.