JBS expresses optimism about costs
On September 25, the president of JBS, Wesley Batista, said that domestic prices paid for cattle, the main cost item for slaughterhouses, have reached their peak for the year. "I think they won't go any higher than this," said the executive.
The price of cattle on the spot market fell by more than 12% from the end of December to early August, when the CEPEA / ESALQ indicator reached its lowest value in the year (R$ 88.71 per 15-kilo unit). Since then, prices have been recovering and have approached R$ 100 per 15-kilo unit.
Batista also expressed his optimism about grain prices, which have soared on the international market because of the drought that has hammered US production.
Information provided by Valor Econômico