Pigs/Cepea: National sector may continue to advance in 2024 in Brazil

Other Frozen Pork Cuts

Meat

Brazil

Market & Price Trends

Published Jan 4, 2024

Tridge summary

The pig sector is expected to have a favorable outlook in 2024, with potential increases in domestic consumption and exports and a likely reduction in production costs compared to previous years. Cepea calculations estimate a 2.8% growth in pork consumption in 2024 compared to the previous year, and projections indicate a 3.3% increase in the number of animals slaughtered, potentially totaling 59.1 million heads. Additionally, the recent devaluations of corn and soybean meal, the main inputs used for animal nutrition, are expected to contribute to a slightly better profitability scenario for pig farmers in 2024.

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 prospects for the pig sector are favorable for 2024. According to Cepea researchers, the fundamentals come from possible increases in domestic consumption and exports and the likely reduction in production costs compared to previous years. Cepea calculations estimate that pork consumption in 2024 could grow 2.8% compared to last year. As for Brazilian meat exports, the sector believes that the performance seen in 2023 will be sustained in 2024. It is worth remembering that, from January/23 to November/23, Brazilian shipments totaled 1.1 million tons, and should therefore be renewed the 2021 record (of 1.12 million tons). To meet internal and external appetites for fresh and processed products of pork origin, projections made by Cepea indicate an increase of 3.3% in the number of animals slaughtered from 2023 to 2024, potentially totaling 59.1 million heads. Still in the case ...

Source: NoticiasAgricolas