Brazil’s meat market requires a species-, cut- and destination-specific reading

Conab’s market report, updated on 9 November, shows that Brazil’s meat markets are not moving in one direction. In beef, the turn of the month supported domestic consumption. Restricted supply and firm demand underpinned prices; hindquarter cuts edged higher at wholesale level while forequarter cuts remained stable. At the same time, the report describes slowing exports and uncertain Chinese demand toward year-end.