IEG Vu is part of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. Please do not redistribute without permission.

Printed By

UsernamePublicRestriction
UsernamePublicRestriction

Brazilian Steer Prices and Exports Higher

The limited supply of cattle ready for slaughter has supported Brazilian steer prices maintaining record levels, according to Meat and Livestock Australia.

For the January to October period this year, steers at São Paulo state averaged R4.16/kg lwt (approximately US$1.78 kg/lwt), up 23 per cent year-on-year in Real (Brazilian currency) terms according to statistics from Cepea/Esalq.

The consequently higher wholesale prices reported in the domestic market and the Real depreciation against the US dollar, which saw it down by nine per cent on the previous year, averaging 0.43 US?, has helped boost beef exports, with total shipments for the January to November period at 1.12 million tonnes.
Shipments to Russia, Hong Kong, Venezuela and Iran have remained high over the period.

Brazil has recently regained official access to the Chinese market, with eight beef plants currently approved and it is reported that there will be more 11 in the near future.

Before the ban, Brazilian beef exports to China increased substantially, from 2,680 tonnes in 2011, to 16,630 tonnes in 2012 - with frozen beef making up 99 per cent of the total.

Information provided by TheMeatSite News Desk 

Advertisement

Topics

What to read next

Advertisement
UsernamePublicRestriction

Register

CO194849

Ask The Analyst

Please fill in the form below to send over your enquiry or check the Ask The Analyst Page to find out more about the service

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel