Cepea, December 3, 2024 –
CATTLE – The exchange ratio between fed cattle and calf and lean cattle was favorable for beef finishing farmers in November. In São Paulo, Mato Grosso do Sul, Mato Grosso and Goiás, levels are the highest of this year, surpassing that observed in the offseason period last year.
Therefore, beef finishing farmers may close new trades, increasing the supply of animals to the industry in the coming year.
In São Paulo, by selling one animal (18 arrobas), farmers are able to purchase 2.5 calves or 1.56 lean animal – prices in SP in November.
EXPORTS IN OCTOBER – The list of states that shipped a record volume of beef in October is long: São Paulo, Minas Gerais, Mato Grosso do Sul, Mato Grosso, Paraná and Rondônia. From the 300 thousand tons exported in that month, São Paulo accounted for 24.3%. Mato Grosso, Goiás and Mato Grosso do Sul participated with 21.1%, 12.7% and 10%, respectively.
SWINE – Quotations for live swine and pork meat increased less in late November. Still, they hit nominal records because of the limited supply of animals and the firm demand.
In the SP-5 region (Bragança Paulista, Campinas, Piracicaba, São Paulo and Sorocaba), for instance, live pig prices (delivered at the meatpacker) closed at BRL 10.14/kg on November 26, the highest level of Cepea series (since 2002). Concerning the pork meat market, values of the special carcass traded in the wholesale market of the Greater São Paulo hit the record of BRL 15.14/kg on Nov. 25.
POULTRY – In spite of the end-of-the-month period, when the demand is usually low, due to the smaller purchase power, quotations of chicken products were firm in Brazil in late November, operating at the highest levels, in real terms, since November 2022. This scenario is linked to the high competitiveness of chicken meat against beef and pork. It is worth noting that prices of both beef and pork meat have been increasing steeply over the last weeks.
(Cepea-Brazil)
Centro de Estudos Avançados em Economia Aplicada – CEPEA-Esalq/USP
