Recovery of pork prices in February; challenges and prospects in Brazil
Other Frozen Pork Cuts
Meat
Brazil
Market & Price Trends
Published Mar 5, 2024
Tridge summary
In February, Brazil saw an increase in the value of live kilo and main wholesale pork cuts due to a rise in consumption, adjustments in slaughterhouse stocks, and replacement between wholesale and retail. However, a drop in purchases in the second half of the month impacted prices. The average price per kilo of live pigs rose by 3.54%, carcasses appreciated by 2.24%, while wholesale ham cuts slightly dropped by 0.14%. Despite a strong export volume, the average price per ton exported was a concern. Brazilian fresh pork exports performed well in terms of value and average daily quantity, but the average price dropped compared to the same period last year.
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 month of February witnessed an increase in the value of both the live kilo and the main wholesale pork cuts. Safras & Mercado analyst, Allan Maia, analyzes the outlook after a challenging month in January, highlighting the increase in consumption, replacement between wholesale and retail, and adjustments in slaughterhouse stocks as fundamental factors. Maia highlights that, in the second fortnight, there was a drop in purchases after the build-up of stocks, impacting both wholesale and live prices. A significant concern was the price per ton exported by Brazil, despite the robust export volume. The Safras & Mercado survey indicated that the average price per kilo of live pigs in the country increased 3.54% in the month, while wholesale ham cuts had a slight drop of 0.14%. Carcasses, in turn, registered an appreciation of 2.24%. The weekly price analysis highlights variations in different regions of the country, such as the rise in pork prices in São ...
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