Brazil is the world's fourth-largest pork producer, with an estimated 4.8 million tons in 2022. The industry faces challenges due to high production costs, particularly in feed, and a significant drop in revenue. The average price of live hogs has decreased by 38.9% from November 2020 to October 2022, leading to a crisis for independent pig farmers. Despite stable soybean prices and a decrease in corn prices in 2022, producer revenue has declined while production costs have remained high. The 2023 outlook considers three scenarios of pork, corn, and soybean price variations to forecast their impact on pig farmer margins, with the moderate scenario projecting a 10.3% decrease in pork price, a 12.6% decrease in soybean prices, and a slight increase in corn prices.