Prices rise in the Brazilian cattle livestock sector

In the second fortnight of March, Brazilian cattle livestock sector was optimistic due to increases of the steer and beef prices in domestic market. Besides low supply, the values were stimulated for slight increase demand for beef in the wholesale market of Sao Paulo city. In general terms, cattle farmers bet on news adjustments and remained retreated. They were also motivated regarding exports.

In the first trimester, in turn, the ESALQ/BM&F Index (Sao Paulo state) for fed cattle downed 8 percent and the steer carcass, 13 percent.

Between March 16th and 31st, the Index upped 3.04 percent, closing at 78.76 reals or 33.97 dollars per arroba (15 kilos) on Tuesday, Mar 31st. In the fortnight, the steer carcass upped 4.38 percent at wholesale market.

The fed cattle quotations upped in all regions researched by Cepea in the end of March. The valuation was between 2 and 3 percent in most part of them between March 25st and 31st. The ESALQ/BM&F Index (Sao Paulo state) raised 3.4 percent in the period. In the wholesale market of Sao Paulo city, prices also moved up. The steer carcass upped 4.38 percent.

Regarding hog market, in the wholesale market of Sao Paulo capital, the carcass increased 3.83 percent in Real between March 16th and March 31st , at 3.21 reals or 1.38 dollar per kilo in the end of month, at the wholesale market in Sao Paulo. For hog especial carcass the raise was of 4 percent.

For poultry, the frozen meat got almost stable on March. The chilled, in turn, increased 2 percent in Real, both in the wholesale market of Sao Paulo capital - the most important Brazilian consumer reference. (Cepea - Brazil).


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