Brazil's chicken crisis increases in early 2023

As discussed in our last newsletter of 2022, the outlook for chicken farming is worrying, prices do not find room for support. The downward movement intensified in the period, quite affecting the prices of slaughtered and live chicken. The crass error was the expansion of the housing of breeder chicks in the last four months, at a time of retraction in the volume exported. In addition, the deterioration of the average prices paid per ton of chicken in the international market was also evident. According to data from APINCO, housing in October hit approximately 593.96 mln head, up 0.73% from the same period in 2022. In November, the indication is for the housing of 603.28 mln head, rising nearly 6.3% compared to the same period last year. These numbers give a clear idea of the expansion of production, justifying the oversupply in the market and the consequent loss of margin. From January to November, the country housed around 6.24 bln chicks, down 1.3% from the same period last ...