arroba price in August has a decrease of 9.21% in MT

arroba price in August has a decrease of 9.21% in MT
arroba price in August has a decrease of 9.21% in MT

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November and December are the ones with the greatest increases, justified by the expectation of an improvement in the consumption of beef in the domestic market.

The physical market for cattle recorded a drop in August, but B3 pointed to a recovery in the futures market from September in MT. In August, the physical market for live cattle was adverse compared to the same period last year, since at the time the arroba recorded increases and closed at an average of R$ 300.80. For this year, the negotiation was R$ 273.10/@ in the month, a 9.21% decrease in the annual comparison.

Despite this, the futures market points to increases in the indicator and, contrary to previous years, in which prices peak in October, this year the contracts maturing in November and December are the ones that showed the greatest increases, justified by the expectation of improvement in the consumption of beef in the domestic market due to the annual festivities, the World Cup and Brazilian elections.

In addition, a stronger external flow to China and countries in the Middle East is also expected, as seasonally occurs in this period.

The information comes from the weekly bulletin of the Mato-Grossense Institute of Agricultural Economics (Imea).

Source: Agência Safras.

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The article is in Portuguese

Tags: arroba price August decrease

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