June finishes in an upward trend

Brazilian cattle supply kept restricted in June, supporting domestic prices. Between May 31st and June 29th, the ESALQ/BM&F Index (Sao Paulo state) increased 9 percent in Real and 8.8 in dollar, closing at 60.46 reals or 31.33 dollars per arroba (15 kilos) on Friday, June 29th.

During the second fortnight of June, trades moved at a slow pace, since slaughterhouses faced difficult to purchase animals. The situation in the Sao Paulo state was even worst: there were few pasture animals to be traded and those from feedlot were not prepared yet.

In the wholesale market of Sao Paulo state, beef prices are also moving up. In June, the steer carcass upped 11.44 percent in Real.

For the living hog, prices received by farmers averaged 1.76 real or 0.91 dollar per kilo on June 29th in Sao Paulo state, increasing 4.14 percent in Real over May 31st. In the wholesale market of Sao Paulo capital, the hog carcass valuated 3.53 percent in Real during June, at 2.64 reals or 1.37 dollar per kilo last Friday.

Regarding the poultry sector, the frozen poultry meat prices increased 2.8 percent in Real in June, at 2.17 reals or 1.12 dollar per kilo on June 29th; the chilled one upped 0.8 percent in Real, at 2.49 reals or 1.29 dollar per kilo on Friday, June 29th, both in the wholesale market of Sao Paulo capital - the most important Brazilian retail reference.

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