JBS says live cattle prices will remain stable
The price of live beef cattle and beef in Brazil will remain stable on 2012, says the CEO of JBS, Wesley Batista. He added that the volume of cattle slaughtered in Brazil will not increase in the coming months.
"We're not seeing a decline in demand for beef. January and February were quieter in terms of beef consumption and demand, but there was an improvement in March and April," he said, in a conference call with analysts and investors.
Batista says nothing has changed in Brazil's livestock cycle, which is favorable to slaughterhouses, with more attractive prices for live cattle. "I think priced will be between R$ 90 and R$ 95 per 15 kg unit in some regions, and between R$ 95 and R$ 100 in São Paulo - that is, stable, and the price of meat will be stable, too," he said.
Information provided by Estado de S. Paul