Pork market in Brazil: Valuation and stability boost prices

The Brazilian pork market showed good appreciation throughout the month of June, both in the price of a live kilo and in the main wholesale cuts, compared to the previous month. According to an analysis by Safras & Mercado analyst, Allan Maia, the scenario was marked by a significant balance. Maia highlighted that the supply of animals was adjusting over the period, which kept live kilo prices firm, even with a slight decrease in replacement throughout the chain in recent days. Furthermore, production costs evolved with some stability, contributing to favorable margins in the activity. The prospects for corn, an essential component in pig production, are downward, especially with expectations surrounding the off-season. In relation to exports, Maia observed a positive evolution, driven by the appreciation of the dollar. This trend also benefits the chicken segment, with optimism regarding external shipments. According to a survey by Safras & Mercado, the average price per kilo of ...