Brazil: Poultry, pork and beef prices do not keep up with high corn and soybean meal

The main inputs that make up the poultry, pork and beef rations - corn and soybean meal - had a significant price increase in October, comments Scot Consultoria, in its “Conjuncture Letter”. Corn increased 25.7% from September to October and bran, 25.1%. "This year, prices are on average 86.9% and 101.8% higher, respectively", points out the consultancy, explaining that the scenario is due to the rising dollar, the good volumes exported of these grains and the falling stocks in the domestic market. Thus, the remuneration of ranchers, although it has improved, has not yet been sufficient to cope with the increase in food inputs. In the case of broiler chickens, in October, in farms in the interior of São Paulo, prices increased by an average of 4.9% compared to September, with an increase of 36.1% since the beginning of the year. "The payment (to the poultry farmer) in October was 30.3% higher compared to the same month of 2019", quotes Scot in the report. In relation to beef ...