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Cepea, June 18, 2024
CATTLE – While the markets of fed and lean cattle and calf continue to register both low liquidity and prices, beef trades have been increasing in the wholesale market of the Greater São Paulo.
Between May 31 and June 17, values of forequarter and thin flank (cheaper beef cuts) rose 5.43% and 3.41%, to close at BRL 13.99 and BRL 13.64 per kilo on June 17. Hindquarter prices, in turn, moved down 1.97% in the same comparison, averaging BRL 17.87/kg.
This distinct scenario for beef cuts is related to the more significant pace of forequarter exports and to the income of most Brazilian consumers. The consumption continues limited, especially for noble beef cuts.
The fed cattle market remains moving at a slow pace, with price drops or stability in most regions surveyed by Cepea. The CEPEA/B3 Index for fed cattle (São Paulo State) remained practically stable (+0.16%) in the accumulated of June (between May 31 and June 17), closing at BRL 221.50 on June 17.
SWINE – After hitting a record considering the month of April and the best performance of 2024, pork meat exports (in natura and processed products) dropped in May.
However, the daily average of shipments in May was practically the same as that verified in April, of 4.4 thousand tons. Therefore, the monthly decrease is attributed to the lower number of producing days in May (21 days) compared to that in April (22 days), according to data from Secex. This scenario highlights that exports continue to move at a firm pace.
In May, Brazil shipped 103.3 thousand tons of pork meat, 7.4% less than in April, but 2.7% higher compared to that in May/23. The income obtained with shipments also dropped. Secex indicates that it totaled BRL 1.15 billion in May this year, 6.7% less than in April and moving down 7.5% against May/23.
DOMESTIC MARKET – Sales of live pigs and pork meat increased in early June, boosting quotations in all regions surveyed by Cepea – prices were moving down since the second fortnight of May.
POULTRY – Prices of chicken meat and pork, both traded in the Greater São Paulo, moved up in the partial of June in relation to the previous month. However, price increases were more significant for pork. As for beef, also traded in the Greater SP, values decreased in the same period. Thus, chicken meat has gained competitiveness compared to pork, but it has lost it against beef.
The average price for chicken meat increased due to the higher purchase power, which is typical at the beginning of every month, due to the payment of salaries.
(Cepea-Brazil)
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Fonte: Cepea