November 7, 2013
Brazil's October pork quotations rise
In early October, Brazilian pork quotes remained moving up, hitting consecutive nominal records, according to Brazil's Centre for Advanced Studies on Applied Economics (CEPEA).
This scenario, added to recent price drops of beef and broiler, has reduced competitiveness of pork compared to other meats in the wholesale market of the Greater São Paulo.
In regard to hogs, quotes are also the highest of Cepea's historical series (started in 2004), in nominal terms.
In general terms, pork quotes are underpinned by the limited supply of animals.
The weight of animals is below the desirable to slaughter, and, moreover, producers surveyed by Cepea say that because of high costs the sow volume decreased last year. In turn, the consumption continues relatively adjusted to the supply.