
Cepea's October monthly survey shows the Cepea/Esalq cattle indicator reached R$389.90 per arroba on October 30, up 7.03% for the month and a real record since 1994. Frozen chicken averaged R$7.87/kg in Greater São Paulo, up 2.3%, while the Campinas corn indicator fell 4.4% to R$65.64 per 60-kg bag and the Paraná soybean indicator fell 2.9% to R$149.40 per bag.
Lower domestic corn and soybean prices reflect ample supply and weaker international quotes, which eases feed-ingredient costs for Brazilian buyers. Firmer cattle and chicken prices point to strong meat demand, which can support feed demand for livestock producers.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.