Brazil: Exports and domestic demand sustain high pork prices in October

Pork and live pig prices rise for the sixth consecutive month, driven by record exports and low supply of animals for slaughter, according to Cepea. Pork and live pig prices rose in October, ending the month with the monthly average rising for the sixth consecutive month. According to the Center for Advanced Studies in Applied Economics (Cepea), at Esalq/USP, this sequence of increases has been sustained by the record pace of exports of fresh pork, combined with strong demand in the domestic market. Cepea researchers also indicate that the shortage of animals at the ideal weight for slaughter also contributed to the appreciation of pork, keeping supply limited and putting pressure on prices. The increase in domestic demand further reinforced this movement, increasing the value of the ...