Brazil cattle trades stay stable as packers meet needs in-house
Cepea notes low liquidity; exports dip 5% in August
Trades in Brazil’s cattle market held steady in mid-September, Cepea reported.
Meatpackers filled delivery schedules with contracted or own animals, reducing the need for spot purchases.
As a result, farmers sold only small batches and liquidity stayed low.
The CEPEA/ESALQ Index for fed cattle in São Paulo closed at BRL 307.90 on September 15, down 0.84% from August 29.
Brazil’s beef exports fell 5% in August to 295,230 tons, after hitting a record 310,210 tons in July, Secex data show. Shipments to China totalled 158,057 tons, or 53.5% of the total, while Russia overtook the US as the second-largest buyer with 14,300 tons.