Uruguay: Purchasing power of pork products fell in September

Published Oct 2, 2024

Tridge summary

The article highlights the stability of corn prices in September at US$ 225 per ton, despite a slight decrease in fat pork prices to $85 per kilogram. The appreciation of the dollar by 2.08% led to a 2.24% decrease in pig producers' purchasing power compared to August. However, when compared to September 2023, their purchasing power increased by 21.75% due to a combination of lower corn prices and a stronger dollar. Additionally, Uruguay has seen a slight increase in pig slaughter, particularly among puppies and piglets, with a total of 100,141 heads slaughtered in the first nine months of 2024, marking a 2.8% increase from the same period last year.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to data from the Chamber of Commerce of Country Products (CMPP), the average value of a ton of corn remained stable at US$ 225, which represented a relief compared to the previous month. However, the price of fat pork experienced a slight decrease of 0.23%, trading at $85 per kilogram. In addition, the dollar appreciated by 2.08%, going from $U 40.33 to $U 41.17 between months. As a result, pig producers managed to buy 9.18 kilos of corn for each kilo of pork sold, which meant a 2.24% drop in their purchasing power compared to August. Despite this monthly drop, when compared to September 2023, purchasing power increased by 21.75%, driven by a 19.6% reduction in the price of corn and a 7.1% appreciation of the dollar. Regarding the price of pork, data from the Farmer Observatory of the General Directorate of Farming (Digegra/Mgap) and the Metropolitan Agri-Food Unit (UAM) indicate that in September, the kilogram on the hoof, placed in the meat processing plant, was quoted ...

Source: Infopork