Pork prices in Brazil maintain stability with an adjusted market framework

Published 2024년 7월 22일

Tridge summary

Pork prices in Brazil have remained stable with a slight increase in the average price per kilo of live pigs and wholesale cuts. Slaughterhouses are actively purchasing, but there may be a decrease in replenishment between wholesale and retail by the end of the month due to reduced household capitalization. However, strong external demand has helped adjust the domestic supply and increase ton prices, benefiting industry margins. Brazil's fresh pork exports in July generated US$ 133.224 million, with a 20.1% increase in the average daily value compared to July 2023.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

This week, pork prices, both in live kilograms and in the main wholesale cuts, remained firm. According to Allan Maia, analyst at Safras & Mercado, the market is evolving within normal limits, with an adjusted framework that provides support for prices. Maia notes that slaughterhouses continue to be active in purchases, although there are expectations of a possible reduction in replenishment between wholesale and retail by the end of the month. This is due to a possible reduction in household capitalization, which could impact final consumption. However, strong external demand has contributed positively to the adjustment of domestic supply, in addition to helping to recover ton prices, benefiting industry margins. The survey carried out by Safras & Mercado revealed that the average price per kilo of live pigs in the country rose 1.81% this week, reaching R$ 6.84. At wholesale, the average price of ham cuts increased from R$12.20 to R$12.41 (+1.70%), while the carcass price ...

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