CEPEA: Wholesale beef prices in Sao Paulo up 1.91% month-over-month in October to 6.39 reais/kg; wholesale hog prices down 1.7% to 3.97 reais/kg; frozen poultry up 3.5% to 3.01 reais/kg

PIRACICABA, Brazil , November 1, 2011 (press release) – The ESALQ/BM&FBovespa Index for fed cattle (São Paulo state) has surpassed 100 reais, returning to levels observed in August this year. Daily increases of fed cattle quotes, however, remained non-expressive in late October. The Brazilian market continued to move at a low pace. In the accumulated of October (Sept. 30 to Oct. 31), the ESALQ/BM&FBovespa Index for fed cattle (São Paulo state) upped 2.11%, closing at 101.34 reais (59.82 dollars) on Oct. 31.

In the wholesale market of São Paulo city, the average of carcass prices closed at 6.39 reais or 3.77 dollars per kilo on Oct. 31, for an increase of 1.91% compared to Sept. 30. Forequarter beef prices upped 1.04% in the same period, closing at 4.86 reais or 2.87 dollars per kilo. The average prices of hindquarter moved up 2.54% in the accumulated of October and closed at 8.07 reais or 4.76 dollars. Think flank prices edged up 0.63% in the same period, closing at 4.8 reais or 2.83 dollars per kilo on Oct. 31.

In the hog wholesale market of São Paulo capital, regular carcass price moved down 1.7% during Sept. 30 to Oct. 31, closing at 3.97 reais or 2.34 dollars per. The hog especial carcass dropped 0.6%, at 4.26 reais or 2.51 dollars per kilo in the same period.

In poultry market, frozen meat upped 3.5% during Sept. 30 to Oct. 31 and closed at 3.01 reais or 1.77 dollar per kilo on Oct. 31. Prices of chilled chicken increased 3.7% and closed at 2.71 reais or 1.48 dollar per kilo in the same period (both cases in the wholesale market of São Paulo capital – the most important reference in Brazil for consumption levels).

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