News

Pigs/Cepea: Inputs depreciate, and pig farmers’ purchasing power grows

Maize (Corn)
Market & Price Trends
Published Feb 22, 2024

Tridge summary

Pig farmers in São Paulo have seen an increase in their purchasing power from January to February due to the devaluation of inputs such as corn and soybean meal. This decline in input costs has outpaced the price drop of live pigs in the independent market. Prices of live pigs began to rise in February due to increased demand from slaughterhouses, but fell in the latter half of the month as domestic demand weakened and buyers held off on purchasing new batches of animals.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

The purchasing power of pig farmers in São Paulo in relation to the main inputs used in the activity – corn and soybean meal – has been growing from January to this part of February. According to Cepea researchers, this scenario is the result of the devaluation of inputs, which have exceeded the declines observed in live pig prices in the independent market. In the case of live animals, prices started rising in February, influenced by greater demand from slaughterhouses, which sought to replenish pork stocks, given the demand for the hottest protein at the final end. However, with the arrival of the second half of ...
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