Corrected cattle price between 1997 and August 2022!

Corrected cattle price between 1997 and August 2022!
Corrected cattle price between 1997 and August 2022!

Check how the price of live cattle behaved, adjusted for inflation (IGP-M) between 1997 and the partial of 2022, until August.

It is worth remembering that in the partial of 2022, until August, the price of live cattle (Cepea), in nominal value, accumulated a loss of 7.6%. In August 2022, the average price of live cattle was R$313.8 per arroba, slightly below the nominal average of August 2021 (R$315.1). In fact, it was the first time since 2018 that the price of live cattle fell in relation to the nominal value observed in the same period of the previous year.

And speaking of the live cattle price in the partial accumulated of 2022, click here and check out how the price variation of agricultural commodities followed by Farmnews until August evolved.

The figure below shows the evolution of the price of live cattle (Cepea), corrected by the IGP-M of August 2022, in Reais per arroba, since 1997.

Source: Cepea and FGV data (adapted by Farmnews)

The corrected price of live cattle in 2022 continues to distance itself from the maximum observed in 2020.

This is because in November 2020 the corrected price of live cattle was R$365.2 per arroba, the highest value throughout the series started in 1997 (Figure).

It is interesting to observe from the Figure above that the price of live cattle, when corrected for inflation, fluctuates in cycles of high and low, as we know. This shows that the year 2022 has confirmed the moment of decline in the long-term livestock cycle, when inflation exceeds the variation in the price of live cattle. However, despite the cyclical price movements, it is important to highlight that the highs have renewed the highs, while the lows have reached higher levels, that is, the lows have been smaller and smaller.

Check the data on agricultural commodities dollar prices monitored by Farmnews in the months of August, in 10 years. Click here and check it out!

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Tags: Corrected cattle price August

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