🥩 Beefed-up prices

Finished cattle in Brazil have never cost more. On October 2, the São Paulo benchmark compiled by the Center for Advanced Studies on Applied Economics (Cepea) closed at BRL 369.90 per arroba, the 15-kilogram unit used to price Brazilian livestock. That is the highest nominal daily price in Cepea's series, which dates back to the 1990s, topping a record set in April.

Calves, the raw material of tomorrow's beef, are…

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