RIO DE JANEIRO, BRAZIL - The physical market for fat cattle registered stable prices on Tuesday. According to Safras & Mercado analyst Fernando Henrique Iglesias, the volume of supply remains positive, resulting in a comfortable placement of slaughter scales in much of producing regions.
"Rio Grande do Sul is still the exception, with a less significant volume of supply and with rising prices," said Iglesias.
Overall, pastures are degraded and cattle ranchers are not finding favorable conditions to retain animals in the pasture, leading to the peak of the fat cattle season. "During the off-season, the dynamics will be different . . .
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