Pork hits record competitiveness against beef in Brazil
Weak demand weighs on prices even as margins improve
Brazilian pork gained competitiveness against both beef and chicken in May, reaching its strongest position relative to beef since Cepea began tracking the data in 2004, according to Cepea.
Pork prices fell during the month on weak demand, while beef carcass quotations held steady, widening the gap between the two proteins.