Brazil: Average prices for live pigs and meat have risen for three consecutive months

Published Aug 10, 2024

Tridge summary

In July, the average prices for live pigs and meat in Brazil have been on a consistent rise for the third month in a row, hitting their highest since February 2021. This period also saw record highs in both the volume and revenue from Brazilian pork exports. The country shipped out 137.1 thousand tons of pork, surpassing previous records and marking a 29.4% increase from the previous month and a 31.5% increase from the same period last year. This surge in pork prices, coupled with a slight increase in beef prices and a decrease in chicken prices, has led to a decrease in the competitiveness of pork protein compared to its main competitors in the market.

Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Market in July The average prices of live pigs and meat have been rising for three consecutive months. In July, specifically, prices remained high for most of the period, despite slight declines at the end of the second half of the month in some regions monitored by Cepea. In fact, for live animals, the average was the highest since February/21 in real terms (values deflated by the IGP-DI of July/24). Prices and exports Both the volume and revenue from Brazilian pork exports reached records in July, considering the historical series of Secex (Secretariat of Foreign Trade), which began in 1997. In the month, Brazil shipped 137.1 thousand tons of pork (fresh and processed products), surpassing the previous historical mark of 114.7 thousand tons, registered in August 2022. Also according to Secex data compiled by Cepea, the volume shipped in July of this year was a significant 29.4% higher than that of June and a significant 31.5% higher than that of July of last year. Exchange rate ...

Source: NoticiasAgricolas