Brazil: Pork prices continue to rise despite market slowdown

This week, pork prices remained firm, both in live kilograms and in the main wholesale cuts. Allan Maia, analyst at Safras & Mercado, observes that, despite the increase, there is a slowdown in this movement. According to Maia, negotiations for live pigs took place within normal limits. However, meatpackers adopted a more cautious stance, anticipating greater difficulty in wholesale sales due to the reduction in final consumption, caused by families' lower purchasing capacity. "Difficulties in selling wholesale meat could intensify, given the scenario of family decapitalization", says Maia. Furthermore, Maia points out that the drop in the prices of beef cuts and the possible restriction on chicken exports due to the Newcastle outbreak in Rio Grande do Sul could negatively impact the pork market. “These factors can adversely influence the dynamics of pork,” he explains. However, pig farmers report that the supply of animals is balanced and that there is an attempt to maintain ...