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Tight Supply Kept Brazilian Cattle Prices Strong

07 May 2015
Meat & Livestock Australia

BRAZIL - The continued tight availability of cattle ready to slaughter in Brazil helped steer prices during April, with indicative steers in São Paulo state averaging R4.98/kg lwt (approximately 164US?/kg lwt) – up 20 per cent year-on-year according to Cepea/Esalq.

Analysts at Meat and Livestock Australia said that likewise, calf prices remained higher for the same period, with Mato Grosso do Sul state calf prices (nelore, eight to twelve months) averaging R7.18/kg lwt (approximately 236US?/kg lwt).

Brazilian beef exports registered a slight recovery during April, with shipments up 1.6 per cent on the previous month, at 83,400 tonnes, but still nine per cent lower year-on-year.

The Brazilian Real remained relatively weak during the month, averaging 33US?, which contributed to the 10 per cent decline in the beef export price on the previous year, at U$4.16/kg.

Similarly, chicken shipments dropped five per cent, totalling 301,300 tonnes swt, while pork exports totalled 25,900 tonnes, down two per cent for the same period.

TheMeatSite News Desk

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