Cepea's fed cattle index in Brazil reached a record R$390 per arroba on November 3, surpassing the previous inflation-adjusted high set in November 2020. Limited cattle supply from the herd's downward cycle, with ranchers retaining breeding females, is cutting slaughter and beef output, and retail beef prices are rising.
Reduced slaughter supply and firm beef demand keep cattle prices elevated, raising feed demand expectations for cattle operations while lifting Brazilian food inflation. A strong dollar adds to the price pressure on imported inputs.
Not enough comparable past events yet for a historical read.
Not 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.