Lower supply keeps boosting steer prices

More than one month after the decision by the European Union of suspending beef imports from all Brazil, the domestic steer prices keep moving up, supported by the lower supply. On Mar 14th, the ESALQ/BM&F Index (Sao Paulo state) closed at 76.11 reals or 44.41 dollar per arroba (15 kilos), increasing 0.83 percent in Real over Feb 29th.

Likewise, in the wholesale market of Sao Paulo city, prices also remained firm, due to the restricted supply. Between Feb 29th and Mar 14th, the steer carcass valuated 0.45 percent in Real, averaging 4.40 reals or 2.57 dollars per kilo on Friday.

Regarding beef exports, the Secex (Foreign Trade Secretariat) shows that in February the volume exported was 16 percent lower over January and 33 percent inferior to that registered in the same period last year.

For the living hog, prices received by farmers averaged 2.76 reals or 1.61 dollar per kilo on Mar 14th in Sao Paulo state, increasing 4.7 percent in Real over Feb 29th. In the wholesale market of Sao Paulo capital, the hog carcass valuated 6.35 percent in Real during the same period, at 4.00 reals or 2.34 dollars per kilo on Mar 14th.

In the poultry market, the frozen meat prices upped 0.84 percent in Real in the accumulated of the first fortnight of March, at 2.65 reals or 1.55 dollar per kilo on Mar 14th; the chilled one, on the other hand, decreased 1.51 percent in Real, at 2.21 reals or 1.29 dollar per kilo on Friday, both in the wholesale market of Sao Paulo capital - the most important Brazilian consumer reference. (Cepea - Brazil)

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