Beef availability hit a record in the first semester

Cepea, July 18, 2024

CATTLE – The beef availability was a record in the first semester in the domestic market. Fed cattle prices indicated this higher supply. However, in the first fortnight of July, the volume of ready-to-slaughter animals reduced and the domestic consumption increased, scenario that boosted quotations.

Beef carcass prices are 7.65% lower in July compared to that in January in the wholesale market of the Greater São Paulo (values were deflated by the IGP-DI June/24), averaging BRL 16.07/kg this month. In relation to July 2023, the decrease is 9.21%.

On the other hand, values moved up 1.83% in the accumulated of July (up to July 15), averaging BRL 16.17 per kilo on July 15 in the wholesale market of the Greater SP. The CEPEA/B3 Index for fed cattle (São Paulo State) rose 0.6% in the same comparison, to close at BRL 226.50.

Cepea calculations based on data from IBGE and Secex indicate that the volume of beef available in the domestic market from January to June surpassed in 14.43% that observed in the same period last year, totaling roughly 3.58 million tons of beef.

According to data from Secex, in 2024, up to late June this year, 1.29 million tons of beef were shipped, 27.1% more than the previous record, in 2023. The good competitiveness of the Brazilian beef in the international scenario is favored by competitive costs and the exchange rate.

SWINE – Price averages for the pork meat registered significant increases in the wholesale market of the Greater São Paulo in the partial of July (up to July 16). Quotations have been rising since the first week of June, with more significant increases in early July, due to firm domestic and international demands. As beef quotations moved up and chicken meat values decreased in the accumulated of July, the pork meat competitiveness dropped against the other meats.

POULTRY – Pork and beef values were moving up in mid-July against the month before in the wholesale market of the Greater São Paulo – pork meat quotations were increasing more significantly. As for chicken meat, prices were dropping from June to July. As a result, the competitiveness of chicken meat increased against most important competing products.

(Cepea-Brazil)