New records for beef and steer

At the beginning of April, Brazilian steer and beef prices reached new records. The main reason for the upward trend is still the low supply. On Monday, April 7th, the ESALQ/BM&F Index (Sao Paulo state) closed at 77.30 reals or 45.37 dollars per arroba (15 kilos), the highest nominal price registered by the Cepea (since March 1994). In real terms, the Index has been presenting the highest values since December 2003, when the average was of 77.46 reals or 26.44 dollars per arroba. In the first fortnight of April, the ESALQ/BM&F Index was stable, increasing only 0.35 percent, at 77.12 reals or 45.82 dollars per arroba.

In the wholesale market of Sao Paulo city, the steer carcass was traded at 4.70 reals or 2.76 dollars per kilo on April 7th, the highest nominal value (since January 2001). On April 15th, the average price of steer carcass was 5.35 or 3.18 dollars per kilo, dropping 1,47 percent in Real over March 31st.

For the calf, prices have been moving up since the beginning of 2007. On April 15th, the ESALQ/BM&F Index (Mato Grosso do Sul state) closed at 551.62 reals or 327.76 dollars, rising 4.85 percent in Real over March 31st.

On the other hand, for the living hog, prices received by farmers averaged 2.67 reals or 1.59 dollar per kilo on Apr 15th in Sao Paulo state, decreasing 3.6 percent in Real over Mar 31st. In the wholesale market of Sao Paulo capital, the hog carcass dropped 0.69 percent in Real during the same period, at 3.97 reals or 2.35 dollars per kilo on April 15th.

In the poultry market, the frozen meat prices decreased 2.96 percent in Real in the first fortnight of April, at 2.29 reals or 1.36 dollar per kilo on April 15th; in opposite, the prices of the chilled one increased 3.2 percent in Real, at 2.23 reals or 1.32 dollar per kilo on Tuesday, both in the wholesale market of Sao Paulo capital - the most important Brazilian consumer reference. (Cepea - Brazil)

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