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Cepea, June 4, 2024
CATTLE – Trades in the fed cattle domestic market continued to move at a slow pace in late May. Prices, in turn, remained decreasing in most regions surveyed by Cepea. Some farmers were more flexible regarding values.
Between April 30 and May 31, the CEPEA/B3 Index for fed cattle (São Paulo State) dropped 3.58%, closing at BRL 221.15 on May 31.
EXPORTS – Shipments continue to move in an increasing pace, preventing beef values from decreasing more significantly in the domestic market. Up to the fourth week of May, exports totaled 178 thousand tons of beef, according to data from Secex.
SWINE – Values of live pig dropped steeply at the end of May in all regions surveyed by Cepea. The decrease is related to the high supply and to the low demand. Besides this scenario, the holiday of Corpus Christi in Brazil on May 30 reinforced the low liquidity – the smaller number of working days reduces the pace of new deals.
In the meat market, because of the low demand, meatpackers were reducing quotations, in an attempt to boost sales.
POULTRY – The demand for chicken meat was low in most part of May, with a slight increase only before Mother’s Day (May 12). Due to the low liquidity, prices of almost all chicken products surveyed by Cepea finished May below those in April.
Concerning chicks, on the other hand, the low supply and the firm international demand have boosted values.
(Cepea-Brazil)
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Fonte: Cepea