Since last Thursday, Oct 25th, when the ESALQ/BM&F Steer Price Index (Sao Paulo state) closed at 65.15 reals or 37.23 dollars per arroba (15 kilos), Brazilian steer prices have been reaching diary records, in nominal terms. This Tuesday, the Index averaged 66.73 reals or 38.44 dollars per arroba, upping almost 9 percent in the accumulated of the month. The main reason for the upward trend has been the lower supply, and as a consequence, the short plant entries.
In the wholesale market of Sao Paulo city, prices have also reached the highest values. From the beginning of this month to date, the steer carcass accumulates an increase of 6.6 percent in Real, remaining at the highest nominal levels of the history (market researches started in 2001), above the 4.17 reals or 2.40 dollars per kilo since last Thursday. The valuation was linked to the reduction of the beef supply. Besides the higher demand, typical from this period, also reinforced the raises.
Calf prices, likewise, kept moving up last days, supported by the lower supply. It is important to highlight that the ESALQ/BM&F Index (Mato Grosso do Sul state) have been reaching consecutives records since March this year. Last Wednesday, the Index closed at 469.14 reals or 270.24 dollars, upping 1 percent in the accumulated of the month.
Regarding the living hog, prices received by farmers averaged 2.47 reals or 1.42 dollar per kilo on Oct 31st in Sao Paulo state, upped 9.3 percent in Real over Sept 28th. In the wholesale market of Sao Paulo capital, the hog carcass valuated 7.6 percent in Real during the same period, at 3.55 reals or 2.04 dollar per kilo on Oct 31st.
In the poultry market, the frozen meat prices increased 4.1 percent in Real during October, at 2.79 reals or 1.60 dollar per kilo on Oct 31st; the chilled one valuated 3.36 percent in Real, at 2.46 reals or 1.41 dollar per kilo on Wednesday, Oct 31st, both in the wholesale market of Sao Paulo capital - the most important Brazilian retail reference.