Shorter plant entries limit decreases for fed cattle

Even with the continuity of buyers' pressure, Brazilian fed cattle prices moved up again at the end of July. The support came from the shorter plant entries, due to the low animal supply. Between July 24rd and 31st, the ESALQ/BM&F Index (Sao Paulo state) increased 3.4 percent in Real, closing at 93.57 reals or 59.90 dollars per arroba (15 kilos) on Thursday, Jul 31st. In this context, the accumulated of the month shows slight decrease, of 0.4 percent in Real - in nine days of decreasing values (between Jul 10th and 22nd), the Index dropped 4 percent in Real, from 94.32 reals or 58.58 dollars per arroba (Jul 8th) to 90.47 reals or 57.26 dollars per arroba (Jul 22nd).

In the wholesale market of Sao Paulo city, prices also increased again. The steer carcass valuated 8.46 percent in Real in seven days and 4.75 percent during the month, averaging 5.51 reals or 3.53 dollars per kilo on Jul 31st. Besides the lower beef supply, trades for the beginning of August favored the recent increases.

For the living hog, prices received by farmers averaged 3.49 reals or 2.24 dollars per kilo on July 31st in Sao Paulo state, increasing 10.44 percent in Real over June 30th. In the wholesale market of Sao Paulo capital, the hog carcass upped 13.3 percent in Real during the same period, at 5.03 reals or 3.22 dollars per kilo on Jul 31st.

Likewise, in the poultry market, prices moved up. The frozen meat prices increased 3.8 percent in Real between Jun 30th and Jul 31st, at 3.00 reals or 1.92 dollar per kilo on Thursday; for the chilled one, the raise was of 7.84 percent in Real, at 2.89 reals or 1.85 dollar per kilo, both in the wholesale market of Sao Paulo capital - the most important Brazilian consumer reference. (Cepea - Brazil)

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