Calm setting for the fat ox

The supply of cattle is not tight, but does not allow downward pressure. The live cattle market continues with the scenario of stability. The offer doesn’t make it harder for the industry to buy, but it’s not enough to generate strong downward pressure. For the short term, the second fortnight should cool down domestic

consumption, but attention is focused on the pace of beef shipments, which started August at a strong pace. For exports, the recent evolution of the covid-19 cases in China deserves attention, since more generalized measures to contain these cases in the beginning would affect the demand of the main buyer in Brazil. In addition to exports, the balance between more feedlot cattle arriving and domestic demand gaining momentum with the second half will dictate the market’s course. For now, the expectation remains for a calm scenario for prices in the short term.

Source: https://www.scotconsultoria.com.br