Little raise in the supply reinforces decreases

Brazilian steer prices kept decreasing in the first fortnight of September. Slaughterhouses remain pressuring the market, trying to trade at lower values. Moreover, the little raise in the supply reinforced the downward trend (animals from feedlot). Some players also consider the weak behavior in the wholesale market another factor for the decreasing steer prices.

Between Aug 31st and Sept 14th, the ESALQ/BM&F Index (Sao Paulo state) dropped 3.3 percent in Real, closing at 61.42 reals or 32.31 dollars per arroba (15 kilos) on Friday, Sept 14th.

In general terms, slaughterhouses have been trading slowly, since they bet on a higher supply in the second fortnight of this month.

In the wholesale market of Sao Paulo city, the steer carcass dropped almost 3 percent in Real during the first fortnight, averaging 3.70 reals or 1.95 dollar per kilo on Friday, Sept 14th.

Regarding the living hog, prices received by farmers averaged 2.11 reals or 1.11 dollar per kilo on Sept 14th in Sao Paulo state, upped a little: 0.47 percent in Real over Aug 31st. In the wholesale market of Sao Paulo capital, the hog carcass devaluated 0.62 percent in Real during the same period, at 3.18 reals or 1.67 dollar per kilo on Sept 14th.

In the poultry market, the frozen meat prices increased 5.3 percent in Real during the first fortnight of September, at 2.58 reals or 1.36 dollar per kilo on Sept 14th; the chilled one increased 7.34 percent in Real, at 2.78 reals or 1.46 dollar per kilo on Friday, Sept 14tht, both in the wholesale market of Sao Paulo capital - the most important Brazilian retail reference.

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