Brazil cattle prices influence September quotations – Cepea

Pastures were scarce in practically all regions

The upward trend for fed cattle and beef prices in Brazil influenced increases for calf and lean cattle quotations in late September, according to a recent market report from Cepea.

Pastures were scarce in practically all regions, but background farmers were focused on rises that can be even more significant and aim to form calf batches for the next year. The demand for lean cattle, in turn, aims to have supply to slaughter in early 2025.

In São José do Rio Preto (SP), lean cattle prices have increased 9% in the partial of September, closing at BRL 3,363.75 on Sept. 24. In the north of Minas Gerais and in Rio Verde (Goiás), quotations have upped 9% in the same comparison.

As for calf prices, rises were at around 5% in the partial of the month in São José do Rio Preto, Triângulo Mineiro, Campo Grande, Dourados, Goiânia and Rio Verde.

The CEPEA/B3 Index for fed cattle (São Paulo State) moved up 14.43% in September (from Aug. 30 to Sept. 30), closing at BRL 274.35 on Sept. 30. Delivery windows were relatively short in São Paulo and in other states.