In the Brazilian cattle market, prices keep moving down, pressured by lower demand from slaughterhouses in relation to supply. Between October 31st and November 16th, the ESALQ/BM&F Index devaluated 5.66 percent in Sao Paulo state, closing at 25.67 dollars per arroba this Thursday. It is important to highlight that the number of feedlot animals is reducing.
On the other hand, in the wholesale market of Sao Paulo state, prices moved up again. The steer carcass closed at 1.66 dollar per kilo, increase 0.8 percent over the last day of October. The higher prices are related to better demand.
According to Secex (Foreign Trade Secretariat), Brazilian exports totaled 111.7 thousand tons in October, volume 5.3 percent higher than that from September.
For pork, the downward trend keeps related to higher supply and weak demand from slaughterhouses. Prices received by farmers of Sao Paulo state for living animal downed 1.1 percent in relation to October 31st, closing at 0.88 dollar per kilo.
As for poultry, prices started to increase in the last days in the wholesale market of Sao Paulo, boosted especially by the higher demand from wholesalers focused on the increasing consumption typically for the end of year. Moreover, the lower supply with the larger exports in October has also been giving support to prices. The frozen chicken upped 3.4 percent between October 31st and November 16th, averaging 1.21 dollar per kilo (Sao Paulo state).