BRAZIL - In early May, the Brazilian meat market saw a rise in the domestic consumption and meat prices were expected to react because of the Mother’s Day celebration.
However, only chicken meat reacted positively in the first half of the month, with chilled chicken rising by 2.1 per cent and frozen, 1.3 per cent - in Greater São Paulo.
For pork, prices fell by 1.6 per cent in the first fortnight of May, also in Greater São Paulo. However, live pigs fell by around 5 per cent in many regions.
In the cattle market, the average beef prices fell by 1.3 per cent in the first half of the month, according to figures from the wholesale market of Greater São Paulo.
In all regions surveyed by Cepea, farmers were concerned about the high prices of lean cattle, and were unwilling to accept pressure from the slaughterhouses that were attempting to trade at the lowest values possible.
The ESALQ/BM&FBovespa feed cattle Index (São Paulo state) dropped 0.58 per cent in the first part of the month and the ESALQ/BM&FBovespa Calf Index for young animals, 8-12 months-old in Mato Grosso do Sul State rose by 0.96 per cent.
TheMeatSite News Desk