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Commodity · Livestock

🐄Calf - SP price today

R$ 3,446.98
per head
▼ −0.09% vs. previous quote

Quotation from 11/06/2026
Source: CEPEA/ESALQ

The calf - sp head is quoted at R$ 3,446.98 according to the CEPEA/ESALQ indicator on 11/06/2026. The calf is the raw material for fattening and the first link in the livestock cycle. Its price anticipates live cattle trends two years ahead.

Calf - SP price chart

💡 Drag across the chart to measure the variation between two dates.

Series milestones

Highest price
R$ 3,450.02
in November 5, 2026 · today −0.09% relative to it
Lowest price
R$ 3,149.76
on August 3, 2026 · today +9.44% above it
Series average
R$ 3,251.18
today +6.02% relative to the average
Quotations
85
since June 17, 2026

About this indicator

The indicator tracks the price of the arroba (15 kilos of carcass) of finished cattle ready for slaughter in São Paulo — the benchmark used across Brazil.

The market is driven by the cattle cycle, a slow, multi-year movement: high prices encourage producers to retain females to raise more calves, which reduces slaughter supply in the short term and sustains prices; years later, these animals reach the market and prices drop.

This indicator is for the weaned calf — the young animal that the fattening rancher buys to finish. The ratio between the calf's price and the steer's arroba defines the margin for those who fatten cattle: when calves rise more than steers, margins tighten.

What drives prices up and down

Exports and China

China is the largest buyer of Brazilian beef. Sanitary embargoes or changes in Chinese demand immediately impact the arroba.

Retention cycle

The phase of the cattle cycle — whether producers are retaining or liquidating breeding cows — determines the supply of ready animals for years.

Feedlot cost

Expensive corn drives up the cost of feedlot fattening and alters the calculation of when to send animals to slaughter.

How to get exposure to calf - sp as an investor

There is no simple way for individual investors to buy a 60-kg bag or an arroba and store it. The price on this page is for the physical market: trading there involves producers, cooperatives, trading companies, and industries.

Stocks of companies in the sector

The most direct and accessible route. Agribusiness-related companies listed on B3 have earnings sensitive to these price quotations — and you can track each one on the stocks page.

Fiagros and agricultural FIIs

Listed funds that finance the agricultural chain, usually via CRAs and receivables. Commodity prices affect the producer's ability to pay — and therefore the fund's credit risk. Check them out under real estate funds and Fiagros.

Futures contracts on B3

There are live cattle, corn, soybean, and coffee contracts traded on the exchange. This is the instrument used by those who need to lock in prices (producers and industry), not a long-term investment: it requires margin requirements, has an expiration date, and involves leverage.

Commodities do not pay dividends or interest: the return comes solely from price variation. Therefore, for most investors, it makes more sense to gain exposure to agribusiness through companies and funds — which generate cash — rather than trying to time the direction of price quotations.

Frequently asked questions

What is the price of calf - sp today?
The value at the top of this page is the latest collected quotation, with its date displayed alongside it. The reference is the CEPEA/ESALQ index, calculated from actual physical market transactions and published every business day, typically in the late afternoon.
Is the price on this page the same as what I pay at the market?
No. This is the price paid to the producer per head. Between the producer and the shelf there is processing, packaging, freight, taxes, and the retail margin. This indicator represents the chain's raw material — it anticipates retail movements, but on a different scale.
What is CEPEA/ESALQ?
It is the Center for Advanced Studies in Applied Economics at ESALQ/USP. It calculates daily reference prices for Brazilian agribusiness by consulting a panel of market agents. It serves as the benchmark reference used in contracts, financing, and on the B3 itself.
Can you invest in calf - sp?
Buying and storing the physical product is not feasible for average investors. Practical exposure comes from shares of sector companies, Fiagros, agricultural receivable funds, or futures contracts on B3—each option carrying different risk profiles, as explained above.

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⚠️ Physical market reference price calculated by CEPEA/ESALQ, reproduced here for informational purposes only. This is not a trading quote nor an investment recommendation.