Chicken performance in Brazil in the 49th week of 2022

Published 2022년 12월 12일

Tridge summary

In the latter half of December 2022, the chicken market experienced only minor price fluctuations. Slaughtered chicken prices saw a slight increase of half a percent from the previous week and 0.74% from the end of November, though not reaching the rates seen in October. On the other hand, live chicken prices dramatically fell by 40 cents, resulting in a 7.27% decrease to R$5.10/kg, the same price as in early March, despite anticipating price stability. This downturn did not significantly change the market's semi-paralyzed state, leading to discounted sales. With no disruptions due to Brazilian games and the approach of Christmas, the market is expected to stabilize without hitting rock bottom. However, it is unlikely to revert to its previous performance, implying that live chicken prices may end 2022 no higher than January and February prices, with a maximum increase of 3% from December.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In the second week of December, the 49th of 2022, slaughtered chicken closed the period with an appreciation of just half a percent compared to the closing of the previous week. In addition, compared to the end of November, it completed the first ten-day period with an increase of no more than 0.74%, an index substantially below those registered, for example, in October and November, months in which the value reached on the 10th day of the month was, respectively, 3.52% and 6.72% higher. In short, what, theoretically, should be one of the best moments not only of the month, but of the year, recorded a melancholy performance, attributed in part to the truncated negotiations of the week, due to the games in Brazil. If this is true, now that – unfortunately – the country has been excluded from the Cup, business should return to normal. Even so, it is difficult to count on a significant market reversal, since, except for the fact that this is the penultimate week before Christmas ...
Source: Agrolink

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