Steer values moved up again in Brazil

At the end of September, Brazilian steer prices inverted the downward trend, supported by the lower supply and the shorter plant entries. Between September 19th and 28th, the ESALQ/BM&F Index upped 2.1 percent in Real, closing at 61.26 reals or 33.40 dollars per arroba (15 kilos) on Friday, Sept 28th. From the beginning of the month to date, however, the Index accumulated a decrease of almost 3.5 percent in Real.

Even with some animals from feedlot starting to be available, most of them are already linked to contracts settled previously.

In the wholesale market of Sao Paulo city, prices also increased, due to the lower supply and the higher demand. In the last seven days, the steer carcass valuated 2.62 percent in Real, averaging 3.91 reals or 2.13 dollar per kilo on Tuesday.

Regarding the living hog, prices received by farmers averaged 2.22 reals or 1.21 dollar per kilo on Sept 28th in Sao Paulo state, upped 5.7 percent in Real over Aug 31st. In the wholesale market of Sao Paulo capital, the hog carcass valuated 3.1 percent in Real during the same period, at 3.30 reals or 1.80 dollar per kilo on Sept 28th.

In the poultry market, the frozen meat prices increased 1.3 percent in Real during September, at 2.40 reals or 1.31 dollar per kilo on Sept 28th; the chilled one, in turn, decreased 3.7 percent in Real, at 2.37 reals or 1.30 dollar per kilo on Friday, Sept 28th, both in the wholesale market of Sao Paulo capital - the most important Brazilian retail reference.

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