Brazil fed cattle market remains slow - Cepea
Wholesale beef trade increases in Greater São Paulo
28 June 2024
1 minute read
By: 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, according to a recent market report from Cepea.
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.
