
Feedlot profitability improved in Brazil in October as cattle prices reached record levels and grain costs fell, according to Ponta Agro. Estimated profit per head rose 10.32% month over month in the Southeast to R$1,335.12 and 24.30% in the Center-West to R$1,127.11; the cattle price per arroba rose in both regions as daily feeding costs declined.
Higher cattle prices alongside lower feed costs improve feedlot margins and support demand for cattle finishing. Lower grain prices are bearish for feed ingredients, while stronger cattle prices are supportive for live cattle.
Not enough comparable past events yet for a historical read.
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.