
The ICBC cost index from USP shows the daily cost of feedlot cattle in Goiás fell more than 5% in October to R$15.77 per animal. The decline was driven mainly by corn prices down 11% and sorghum down over 14% in local markets.
Year to date, Goiás feedlot costs are down almost 10%, while São Paulo rose slightly.
Cheaper corn and sorghum lower the energy cost of cattle rations, improving feedlot margins and supporting demand for these feed grains in the region. Researchers warn that operating costs and replacement cattle prices remain pressure points.
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.