Competitiveness of pork compared to chicken and beef decreases in Brazil

Published 2022년 12월 1일

Tridge summary

In November, the pricing dynamics in the Brazilian animal protein market saw pork prices increase on average, while beef prices remained stable around R$19/kg, and chicken prices dropped due to an oversupply situation. This shift in pricing has led to a decrease in pork's competitiveness compared to both beef and chicken. Despite this, pork demand remains strong among wholesalers. Chicken prices were adjusted downward to boost liquidity and prevent inventory issues, particularly with fillet and breast cuts. The stable beef prices are largely attributed to producers building stocks for the holiday season, which is supporting the market.

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

Original content

While the average prices of pork increased from October to November, those of beef protein showed a small increase, and those of chicken, a decrease. In view of this, the competitiveness of pork fell in relation to the two competitors – it should be noted that, with the average price of pork protein moving away from that of chicken and approaching the price of beef, there is a loss of competitiveness for pork. Agents consulted by Cepea indicate increased demand for pork by wholesalers, a scenario that raised protein prices in November. As for beef, prices have been around R$19/kg since the end of October. According to Cepea researchers, some of the claimants have already started building stocks for the end of year festivities, a scenario that sustains the values of this meat. ...

Source: Opresenterural