Chicken prices remain stable in Brazil amid high demand

The Brazilian chicken market has been showing sustained prices, both for live weight and for cuts sold wholesale and through distribution, throughout this week. According to analyst Fernando Iglesias, demand remains strong, driven by a good pace of exports throughout the year and by the improvement in employment levels in the economy. On the other hand, producers are keeping an eye on the behavior of corn and soybean meal prices, which have shown an upward trend. In addition, biosecurity issues remain in focus, especially after the recent record of Newcastle Disease in Rio Grande do Sul. “Fortunately, the situation was controlled thanks to extensive work by the sector to resolve the problem,” highlights Iglesias. However, one negative aspect is the interruption of chicken meat exports from Rio Grande do Sul to China, which have been suspended since July. The government expects shipments to resume in October. In the wholesale market, Iglesias notes that prices settled down ...