Brazil: The Pork market maintains stability with a balanced supply

Published 2024년 6월 24일

Tridge summary

The pork market in Brazil remains stable with consistent prices for live kilos and wholesale cuts, supported by a balanced offer and a favorable exchange rate that makes Brazilian pork more competitive internationally. Despite concerns about a potential slowdown in consumption, pig farmers plan to maintain an adjusted supply, contributing to price stability. The average price per kilo of live pigs in Brazil increased slightly, and there was a slight increase in wholesale ham cuts and carcasses. Brazil's pork exports in June brought in revenue of US$ 111.916 million, with 47,708 thousand tons exported, and the economy is being driven by both the domestic market and exports despite global challenges.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The pork market registered stability throughout the week, with consistent prices for both the live kilo and the main wholesale cuts. According to an analysis by Allan Maia, a specialist at Safras & Mercado, negotiations proceeded normally, supported by a balanced offer that supported firm prices. Although slaughterhouses are cautious due to the expectation of a slowdown in final consumption and adjustments between wholesale and retail, pig farmers plan to maintain an adjusted supply of animals in the coming days, which should favor price stability. The positive outlook comes from the favorable exchange rate, with the dollar close to R$5.44, which makes Brazilian pork more competitive on the international market. According to a survey by Safras & Mercado, the average price per kilo of live pigs in the country increased by 0.71% in the week, reaching R$6.32. Wholesale ham cuts rose to R$11.42, an increase of 2.63%, while carcasses increased by 1.71%, reaching R$10.40. In São Paulo, ...

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