BRAZIL - Calf prices reached record high prices in Brazil, according to the Brazilian government market analysts Cepea.
On 31 March, the ESALQ/BM&FBovespa Index for animals, 8-12 months-old in Mato Grosso do Sul, closed at 1,444.22 BRL ($451.31 dollars), the highest real value of the Cepea series since it was created in 2000.
Over the month, the Index rose by 11.2 per cent.
Fed cattle process are also at high levels.
The ESALQ/BM&FBovespa fed cattle Index for São Paulo state closed at 147.61 BRL ($46.12 dollars) on 31 March.
The average of March Index, at 145.35 BRL ($46.23 dollars) is 14 per cent higher than the same month last year, when it was 127.41 BRL or $54.91 dollars.
In the Greater São Paulo wholesale market, apart from the beef carcase fall of 0.6 per cent in the accumulated March indez, the monthly average, at 9.07 BRL ($2.88 dollars) per kilo was the third highest in the Cepea series.
This was below the price in November last year when it reached 9.16 BRL per kilo or $3.59 /kilo and December 2014 when it was 9.15 BRL per kilo or $3.46/kilo.
TheCattleSite News Desk
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