Bullish market. The proximity to Mother's Day associated with the payment of salaries generates the expectation of an improvement in meat sales. This, in an environment of slow purchasing of raw materials, creates conditions for increasing meat prices.
The accumulated appreciation in the last seven days was 1.8%, driven by butt cuts, typical behavior of periods in which there is some stimulus, financial or special dates, for consumption.
At this rate, slaughterhouse margins continue to rise. Currently, the operation of a deboning unit is delivering a margin of 28.0%, more than six percentage points above the historical average.
In one month, boneless cuts rose by almost 5.0%, on average, in São Paulo, more than double the increase recorded in butchers and supermarkets in São Paulo in the period.
Finally, if the expectation of an improvement in sales is confirmed in the first half of the month, it is the chance for the cattle market to have some impetus for appreciation in this final period of the harvest.
Source: Agrolink
