The Brazilian pork market saw price declines in early March due to lower demand. Purchasers reduced new live animal trades amidst low liquidity in pork sales. In contrast, pork exports fell slightly in January but reached record levels in February, according to Secex statistics.
In the first two weeks of March, the Brazilian pork market experienced a decline in prices for both live swine and pork meat, as reported by Cepea. This downturn is attributed to diminished demand, prompting buyers to slow down their purchasing of live animals due to a low liquidity environment in pork meat sales.
Although Brazilian pork meat shipments saw a minor decrease in January, they rebounded in February, achieving an increase. The export volume and earnings reached record levels for February, according to Secex data, which has been consistently tracked since 1997.
The Brazilian pork market’s decline is primarily driven by reduced demand, leading to decreased prices for live animals and pork meat. Notably, while January exports dipped, February revealed a significant recovery, setting new records in both volume and revenue. Understanding these fluctuations is crucial for stakeholders in the pork industry.
Original Source: www.thepigsite.com
