Brazil pig prices sink on high supply, low demand - Cepea
Meatpackers reducing prices to boost sales
6 June 2024
1 minute read
By: Values of live pigs in Brazil dropped steeply at the end of May in all regions surveyed, according to a recent market report by Cepea.
The decrease is related to the high supply and to the low demand.
Besides this scenario, the holiday of Corpus Christi in Brazil on May 30 reinforced the low liquidity – the smaller number of working days reduces the pace of new deals.
In the meat market, because of the low demand, meatpackers were reducing quotations in an attempt to boost sales.
