Brazilian slaughterhouse is affected by crisis

Domestic livestock market moved at a slower pace at the end of February. Agents became more concerned, once an important Brazilian slaughterhouse filed for creditor protection. Due to the financial global crisis affecting the demand for beef, the slaughterhouse is facing financial constraints resulting from deficit of credits and outstanding payments from customers.

Therefore domestic prices kept decreasing. In Sao Paulo state, the ESALQ/BM&FBovespa Index dropped 4.8 percent between January 30th and February 27th, to 79.89 reals or 33.69 dollars. In the wholesale market of Sao Paulo city, the steer carcass devaluated 2.9 percent in Real, closing at 5.03 reals or 2.12 dollars per kilo on Feb 27th.

In the living hog market, the values received by farmers averaged 2.00 reals or 0.84 dollar per kilo on Feb 27th in Sao Paulo state, decreasing 8.25 percent in Real over Jan 30th. In the wholesale market of Sao Paulo capital, the hog carcass devaluated 7.9 percent in Real during the same period, to 3.12 reals or 1.31 dollar per kilo on Feb 27th.

Poultry prices, on the other hand, upped during the second fortnight of February. The frozen meat valuated 5 percent in Real between Jan 30th and Feb 27th, at 2.71 reals or 1.14 dollar per kilo on Feb 27th; for the chilled one, the increase was of 3.11 percent in Real, at 2.65 reals or 1.12 dollar per kilo, both in the wholesale market of Sao Paulo capital - the most important Brazilian consumer reference. (Cepea - Brazil)


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