Brazil fed cattle domestic market continues at slow pace – Cepea

Trades in the Brazil’s fed cattle domestic market continued to move at a slow pace in late May, according to a recent market report from Cepea. Prices, in turn, remained decreasing in most regions surveyed by Cepea. Some farmers were more flexible regarding values.

Between April 30 and May 31, the CEPEA/B3 Index for fed cattle (São Paulo State) dropped 3.58%, closing at BRL 221.15 on May 31.

Regarding exports, shipments continue to move in an increasing pace, preventing beef values from decreasing more significantly in the domestic market. 

Up to the fourth week of May, exports totalled 178 thousand tons of beef, according to data from Secex.