Steer and beef prices keep moving up

Brazilian steer and beef prices increased during the first fortnight of February, even with the decision by the European Union to suspend beef imports from all Brazil (on Jan 30th) - besides, Russia has announced this week the temporary ban on beef imports from the Mato Grosso state.

From Jan 31st until this Friday, Feb 15th, the ESALQ/BM&F Index (Sao Paulo state) for the steer raised 1 percent in Real, closing at 75.14 reals or 42.94 dollars per arroba (15 kilos). The support came from the lower animal supply and, as a result, the shorter plant entries. In the wholesale market of Sao Paulo city, the steer carcass averaged 4.55 reals or 2.60 dollars per kilo, increasing 5.6 percent in Real.

Regarding the living hog, prices received by farmers averaged 2.56 reals or 1.46 dollar per kilo on Feb 15th in Sao Paulo state, increasing more than 4 percent in Real over Jan 31st. In the wholesale market of Sao Paulo capital, the hog carcass valuated 1.4 percent in Real during the same period, at 3.66 reals or 2.09 dollar per kilo on Feb 15th.

In the poultry market, the frozen meat prices upped slight 0.8 percent in Real in the accumulated of the first fortnight of February, at 2.52 reals or 1.44 dollar per kilo on Feb 15th; the chilled one increased 4.52 percent in Real, at 2.31 reals or 1.32 dollar per kilo on Friday, both in the wholesale market of Sao Paulo capital - the most important Brazilian consumer reference.

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