Cepea, October 2, 2024
CATTLE – The upward trend for fed cattle and beef prices influenced increases for calf and lean cattle quotations in late September. Pastures were scarce in practically all regions, but background farmers were focused on rises that can be even more significant and aim to form calf batches for the next year. The demand for lean cattle, in turn, aims to have supply to slaughter in early 2025.
In São José do Rio Preto (SP), lean cattle prices have increased 9% in the partial of September, closing at BRL 3,363.75 on Sept. 24. In the north of Minas Gerais and in Rio Verde (Goiás), quotations have upped 9% in the same comparison.
As for calf prices, rises were at around 5% in the partial of the month in São José do Rio Preto, Triângulo Mineiro, Campo Grande, Dourados, Goiânia and Rio Verde.
The CEPEA/B3 Index for fed cattle (São Paulo State) moved up 14.43% in September (from Aug. 30 to Sept. 30), closing at BRL 274.35 on Sept. 30. Delivery windows were relatively short in São Paulo and in other states.
SWINE – Values of live pig and pork meat moved up from the second fortnight of June to the third week of August. Since then, prices have been practically stable in almost all regions surveyed by Cepea, sustained by a balance between supply and demand in the domestic market.
POULTRY – Chicken meat quotations decreased expressively in the second quarter of 2024, pressed by the record production in Brazil. Not even the great performance of exports in that period supported the values.
Data from IBGE released in September indicate that chicken slaughters hit a record in the second quarter of 2024 – considering the series from IBGE, which has started in 1997. In that period, 1.6 billion animals were slaughtered, 1% more than the volume registered in the first quarter of 2024 and upping 3.2% compared to that in the same period last year.
(Cepea-Brazil)
