Finished cattle values continue their downward correction. Dif
ficulties to close new deals become more and more frequent. Some
packers are not passing prices and have withdrawn from the market. The
volume currently slaughtered for the 481 quota occupies part of the
industrial capacity, reducing the possibility of receiving and
processing new lots. Bookings are longer, with delays in loadings.
Recent rains brought some relief to farmers which softens
urgencies to sell, although this relief has not been enough to avoid
the fall of prices.
There are facilities with no kosher teams
that show no interest in steers, but in those working kosher, both
steers and heavy cows are accepted.
Finished steers quote at
US$/kg 3.15; cows at US$ 2.95 while heifers, with a stalled market,
reach US$ 3 per kg cw. Within this scenario of low buying interest,
cows are still the most demanded category, justified by the broad
hegemony of shipments to China. At the moment there are no signs that
the trend will reverse in the coming days.