Brazil beef trade mixed - Cepea
Significant price difference between farmers, slaughterhouses
16 February 2024
1 minute read
By: Brazil's fed cattle market has been facing a scenario where differences between cattle farmers and slaughterhouses are more significant than the usual, according to a market report from Cepea.
Along with this “dispute”, trades have been relatively concentrated at a lower or higher level. The difference is mainly attributed to characteristics of the animals and the beef destination (domestic or international market).
The gap between minimum and maximum values has been observed in several regions. Considering the areas surveyed by Cepea, the price gap average for fed cattle was at 11.72 Reais per arroba on January 30. The biggest gap, of 26.71 Reais per arroba, was observed in São José do Rio Preto (SP), where the minimum value was BRL 233.28 and the maximum, BRL 260.
This scenario increases the challenge for the CEPEA/B3 Index, which represents the average price for fed cattle, 16 arrobas or more, up to 42 months-old in the cash market in São Paulo state.
The CEPEA/B3 Index for fed cattle (São Paulo State) moved down 2.89% in January, closing at BRL 245.00 on Jan. 31.
