Retreat from slaughterhouses presses values down

Even with the low supply, Brazilian fed cattle prices dropped in the first fortnight of January. Uncertainty about beef quotations for next weeks, slaughterhouses are cautious, preferring to keep retreated.

Between December 30th 2008 and January 13th 2009, the ESALQ/BM&FBovespa Index (Sao Paulo state) decreased 2.5 percent in Real, averaging 83.43 reals or 35.71 dollars per arroba (15 kilos) on Jan 15th.

In the wholesale market of Sao Paulo city, the steer carcass devaluated 10.8 percent in Real during the same period, to 5.13 reals or 2.15 dollars per kilo. The reason for this downward trend is the consumption seasonality - monthly and annual. The demand normally reduces both in second fortnight period and in January (holidays, annual taxes, and others).

In the living hog market, the values received by farmers averaged 2.66 reals or 1.11 dollar per kilo on Jan 15th in Sao Paulo state, increasing 12.2 percent in Real over Dec 30th. In the wholesale market of Sao Paulo capital, the hog carcass valuated 2.5 percent in Real during the same period, at 4.03 reals or 1.69 dollar per kilo on Jan 15th.

Poultry prices also upped during the first fortnight of January. The frozen meat valuated 0.4 percent in Real between Dec 30th and Jan 15th, at 2.69 reals or 1.13 dollar per kilo on Jan 15th; for the chilled one, the increase was of 1.6 percent in Real, at 2.58 reals or 1.08 dollar per kilo, both in the wholesale market of Sao Paulo capital - the most important Brazilian consumer reference. (Cepea - Brazil)

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