ANALYSIS: Brazilian Beef Export Situation Update
Last week, the Brazilian beef export market exhibited cautious activity, with market participants closely watching reactions to the newly approved meat processing plants for exports to China. Despite an increase in supply options, buyers leveraged the situation to negotiate prices, while some sellers maintained their previous week’s rates. The result was a market finding a middle ground, with most traded items maintaining steady or slightly lower prices than the week before.
The supply-demand dynamic appears stable, as buyers, reportedly well-stocked, showed no urgency in closing deals...
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