Brazil: Live pig and meat prices reacted at the end of October

Published 2024년 11월 12일

Tridge summary

In October, Brazil experienced a sixth consecutive month of rising live pig and meat prices, fueled by record pork exports and strong domestic demand amid a low supply of animals at ideal slaughter weight. According to Secex and Cepea, Brazil shipped 102.1 thousand tons of pork, with a daily average of 5.3 thousand tons, marking an 8.1% increase from September and a 41% rise from the previous year. In the meat market, special pork carcasses increased by 1% to R$ 13.18/kg in Greater São Paulo, while boneless shoulder cuts rose by 2.6% to R$14.14/kg in October.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Live pig and meat prices reacted at the end of October, causing the monthly average to rise for the sixth consecutive month. The boost came mainly from the record pace of Brazilian pork exports and the strong demand also from the domestic market, in addition to the low availability of animals at the ideal weight for slaughter. Data from the Secretariat of Foreign Trade (Secex) compiled and analyzed by Cepea show that, in October (22 business days), 102.1 thousand tons of pork were shipped. The daily average shipment was a record, at 5.3 thousand tons, 8.1% above that recorded in September/24 and a significant 41% higher than in October of last year. In the meat market, with good sales liquidity, special pork carcasses followed the upward trend of live pork and appreciated 1% compared to ...

Source: 3tres3