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30 years ago, the group of researchers from Cepea was chosen by the then BM&F (São Paulo Mercantile and Futures Exchange) for the challenge of creating a price Index that would replace the spot market for the settlement of fed cattle future contracts.
It was necessary to have an institution that is impartial in dealing with purchase and sale operations, that has the scientific knowledge to define a methodology with international recognition, familiarity with livestock and with the entire sector. Cepea has met all these requirements
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Fonte: Cepea