Brazilian Pork Quotations Moved Upwards in October05 November 2013
BRAZIL - Pork quotes remained moving up in early October, hitting consecutive nominal records, according to Brazil's Center 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 of 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 the sow volume decreased last year, because of high costs.
The consumption, in turn, continues relatively adjusted to the supply.
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