Boi hit R$ 328/@ and week will bring great appreciation

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The closing of the week brought appreciation of cattle in important livestock markets, São Paulo and Mato Grosso, the main factor is the gap in the supply of live cattle.

The live cattle market spent the week looking for new price levels for the arroba. Generally speaking, prices have risen sharply.to give you an idea, at the close of Friday, the values returned to record highs in important squares across the countryas is the case of São Paulo and Mato Grosso. Arroba hit R$328 and the week will bring great appreciation!

O physical market of the fat ox ends the week showing the trend that in the short term still refers to high prices, considering the supply restriction framework which is currently in effect at the beginning of the off-season.

the industries exporters are still active in the buy cattlemainly those units enabled to export to the Asian giant. In the physical market, there was a greater search for the finished animal, but with few negotiations being concluded.

China standard animals still carry a goodwill of BRL 20/BRL 30 in relation to animals destined for the domestic market, the consultants pointed out. According to the Agrobrazil app, the rancher from Jales, in the interior of São Paulo, reported a negotiation of R$ 328.00/@ for cash payment and slaughter scheduled for June 30th.

According to Scot Consultoria, in its daily report this Friday, the quotations remained stable in the São Paulo physical market. The reference for the fat cow and heifer are negotiated for R$280.00/@ and R$300.00/@, respectively, gross and forward prices.

As for the Cepea Fat Boi Indicator, the market closed with a new daily appreciation, which increased the price variation in the monthly comparison to 0.47%. Therefore, prices jumped from BRL 314.60/@ – on June 7th – to a level of BRL 322.90/@ this Friday. Also according to the Institution, the prices of the arroba in dollars are touted at US$ 61.41/@.

Slaughter scales are “going backwards”

According to the report of Agrifatto, the transition period, from harvest to off-season, maintains the trend of downsizing slaughter schedules and upward pressure on arroba prices. The national average of slaughter schedules is found in 8 working days, Look:

  • In São Paulo, the industries closed Friday with 9 working days scheduled;
  • The slaughterhouses from Mato Grosso do Sul end Friday with 10 scheduled working days.
  • In Pará and Goiás, the slaughter schedules are on average of 8 working days.
  • The slaughterhouses from Minas Gerais, Mato Grosso and Rondônia ended the week with stopovers close to 7 working days.
  • In Tocantins, slaughter schedules continued at an average of 6 working days.

Beef exports advance almost 84% compared to last year, points out Agrifatto

With an average shipment of 9,690 t/day, fresh beef exports last week stood at 38,760 t/day, up 31.0% from the average recorded in the first eight working days of Jun/ 22. As a result, during the first 12 working days of the current month, 97.94 thousand tons of the product were shipped, a volume 83.24% higher when compared to the same period last year.

After seven consecutive weeks of highs, the average monthly price of beef protein registered a slight decline and settled at US$ 6,840, a weekly devaluation of 0.19%.

So far, foreign sales of fresh beef have consolidated revenue of US$ 670.25 million, equivalent to 92.2% of the amount collected from the business in all of Jun/21, when the ton had the average price 24 .3% lower.

angus carcass contest
Photo: Fábio Medeiros

Expectations

In Thayná’s assessment, with the turn of the month approaching, the tendency is for the live cattle market to remain relatively heatedwith slaughterhouses replenishing stocks in order to meet the higher consumption expected for the beginning of July (stimulated by the entry of wages in the workers’ accounts.

In addition, the Scot analyst continues, expectations for Brazilian beef exports are positive, amid the devaluation of the real against the dollar, which contributed to the greater competitiveness of the national product.

Giro do Boi in Brazil, according to Agência Safras

  • In the capital of São Paulo, the reference for the arroba do boi remained at R$ 323 this Friday (24), stable.
  • In Dourados (MS), the arroba was indicated at R$ 299, with the price unchanged.
  • The arroba in Cuiabá (MT) remained at R$ 282.
  • Likewise, prices in Uberaba (MG) remained at R$ 310.
  • The same happened in Goiânia (GO), where the price of R$ 305 per arroba of fattened cattle did not change.
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Wholesale market according to Agência Safras

The wholesale market returns to operate with accommodated prices during the day. According to Iglesias, the business environment suggests less room for readjustments in the course of second fortnight of the month, period that has less appeal to consumption.

The consumption pattern defined for 2022 still points to a preference for more accessible proteins than beef, such as chicken and egg meat. The kilo of the forequarter remains quoted at R$ 17.20. On the other hand, the kilo of the point of the needle remains priced at R$ 17. The hindquarter is supported at the level of 22.50, per kilo.

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