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Minerva forecasts 5% fall in average price of fattened steers

The average price of cattle will end 2012 down by 5% on last year, said research manager at Minerva Foods, Fabiano Tito Rosa, who was speaking at a meeting with investors in São Paulo. He said the fall had been expected by Minerva, and was down to the increased supply of animals for slaughter. "We saw 4% growth in the slaughter of steers and nearly 10% in cows, which reflects the cycle we are in" said the analyst.

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