Delayed pastures recovery concerns buyers in BR

Brazilian slaughterhouses are concerned about the steer and cow supplies for the next weeks, since the drought damaged pastures in some regions, delaying their recovery. A great part of slaughterhouses have been facing difficult to complete plant entries.

Since last Friday, Nov 9th, the ESALQ/BM&F Index for steer (Sao Paulo state) has been averaging above than 70.00 reals or 39.78 dollars per arroba (15 kilos). This Wednesday, 14th, the Index closed at 71.80 reals or 41.41 dollars, up 7.6 percent in Real over Oct 31st. The upward trend keeps related to the lower supply.

In the wholesale market of Sao Paulo city, prices got stable last days, however, remained at high levels. In the last seven days, the steer carcass closed at 4.41 reals or 2.55 dollars per kilo this Wednesday.

Regarding the living hog, prices received by farmers averaged 2.55 reals or 1.47 dollar per kilo on Nov 14th in Sao Paulo state, upped 2.25 percent in Real over Oct 31st. In the wholesale market of Sao Paulo capital, the hog carcass valuated 3.9 percent in Real during the same period, at 3.69 reals or 2.13 dollar per kilo on Nov 14th.

In the poultry market, the frozen meat prices increased 2.15 percent in Real during the first fortnight of November, at 2.85 reals or 1.65 dollar per kilo on Nov 14th; the chilled one valuated 5.7 percent in Real, at 2.60 reals or 1.50 dollar per kilo on Wednesday, Nov 14th, both in the wholesale market of Sao Paulo capital - the most important Brazilian retail reference.

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