Pig market in Brazil: Negotiations advance with an adjusted offer

Published 2024년 7월 8일

Tridge summary

The pork market in Brazil has seen stable prices for live pigs and wholesale cuts, with a 2.33% increase in the average price per kilo of live pigs to R$6.50. Wholesale ham cuts and carcasses also saw price increases of 3.19% and 4.26% respectively. The supply of animals and active participation of slaughterhouses have contributed to the stable prices. Exports have also played a crucial role in balancing the domestic supply. In June, Brazil's fresh pork exports generated US$221.602 million with a daily average of US$11.080 million, but there has been a decrease in the average daily value exported, quantity, and price compared to June 2023.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The week was marked by dynamic negotiations in the pork market, with stable prices for both the kilogram of live pigs and the main wholesale cuts. Allan Maia, analyst at Safras & Mercado, highlighted the good fluidity in transactions involving live pigs, driven by an adjusted supply of animals and the active participation of slaughterhouses. Maia expressed optimism regarding the prospects for final consumption and replacement between wholesale and retail. "The current scenario is favorable for margins, with firm prices and costs evolving without major disruptions. Exports have also played a crucial role, contributing to the balance of domestic supply," said the analyst. According to a survey by Safras & Mercado, the average price per kilo of live pigs in the country increased by 2.33% during the week, ending at R$6.50. Wholesale ham cuts increased by 3.19%, reaching R$11.79, while carcasses increased by 4.26%, reaching R$10.85. The weekly analysis revealed that in São Paulo, the ...

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