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In year of bad news, Brazilian meat giants finally catch a break

Prices that meatpackers pay for cattle in biggest decline in two decades while wholesale prices mostly flat

Published Mon, Jul 24, 2017 · 09:50 PM
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Sao Paulo

A SAFETY scare. Political scandal. Export bans. This year's headlines could scarcely be worse for Brazilian meat producers.

Yet right now they are enjoying stellar market conditions for beef. Prices that meatpackers such as JBS SA, Marfrig Global Foods SA and Minerva SA pay for cattle had the biggest decline in two decades this year. Meanwhile, wholesale prices have been mostly flat, fetching a premium of about 38 per cent on cattle, the most since at least 2008, according to data from agricultural consulting firm Scot Consultoria.

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