Markets

The market for finished cattle in Brazil improved with only little business. Lower prices ended in a diminished offer and that forced packers to increase values to be able to comply with their slaughter schedules. According to Scot Consultants, the reference price in Sao Paulo grew to around R$/@ 98.50 cash & tax-free. In most cases bookings are not longer than 3 days. On its side, the wholesaler market still has weak sales. Anyway, expectations are focused on a larger stock capacity with a buying market in early February units; the closure for two or three weeks of many oth-ers that faced to cattle shortage decided to stop for technical reasons; certain delays in obtaining export permits and the closure of the US market for proc-essed beef. According to a CEO, who expects January will have a slightly better export performance but still far away from the monthly 2011 average (between 11,000 and 12,000 tons), the recent rebuilding of Hilton prices is directly related with terribly poor rump & loin shipments in December. Fonte: World Beef Report. 1 de fevereiro de 2012.
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