Buyers pressure interrupts raises

After increasing for three months, Brazilian steer prices dropped a little from the second fortnight of August on. Slaughterhouses have pressured to trade at lower values. On Friday, Aug 31st, the ESALQ/BM&F Index (Sao Paulo state) closed at 63.50 reals or 32.35 dollars per arroba (15 kilos), downing x percent over Aug 15th. In the accumulated of August, however, the Index upped 0.9 percent in Real. Even with the recent decreases, the supply is still low. Farmers also keep resistant to trade new volumes.

In general terms, Brazilian cattle livestock sector has been moving at a slow pace in an undefined scenario. Slaughterhouses bet on a higher supply due to the animals from feedlot. On the other hand, according to sellers, farmers that use this system (feedlot) should limit the supply for a time.

In the wholesale market of Sao Paulo city, prices moved up, supported by the lower supply. Between July 31st and August 31st, the top of the rib valuated 0.76 percent in Real, closing at 2.65 reals or 1.35 dollar per kilo on Friday, Aug 31st. The forequarter beef kept stable in Real, at 2.90 reals or 1.48 dollar per kilo. The hindquarter beef downed 0.81 percent, at 4.88 reals or 2.49 dollars per kilo. For the steer carcass, the decrease was of 0.52 percent, averaging 3.81 reals or 1.94 dollars per kilo.

Regarding the living hog, prices received by farmers averaged 2.10 reals or 1.07 dollar per kilo on Aug 31st in Sao Paulo state, decrease 12.9 percent in Real over July 31st. In the wholesale market of Sao Paulo capital, the hog carcass valuated 16.36 percent in Real during August, at 3.20 reals or 1.63 dollar per kilo on Aug 31st.

In the poultry market, the frozen meat prices increased 9.74 percent in Real in the month, at 2.59 reals or 1.32 dollar per kilo on Aug 31st; the chilled one increased 5.6 percent in Real, at 2.45 reals or 1.25 dollar per kilo on Friday, Aug 31st, both in the wholesale market of Sao Paulo capital - the most important Brazilian retail reference.

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