The Brazilian pork market has seen a price decline in the first half of March due to lower demand. Live animal purchases have slowed, influenced by low liquidity in pork meat sales. Notably, February saw record export volumes and revenues despite a slight dip in January shipments.
In the initial two weeks of March, the pork market in Brazil experienced a notable decline, as reported by Cepea. This decrease in prices is attributed to a reduced demand, leading purchasers to slow down their acquisition of live animals due to the low liquidity associated with pork meat sales.
Despite a slight drop in pork meat shipments in January, there was a notable increase in exports during February, reaching record highs for the month. The data from Secex indicates that both the quantity of exports and the revenue generated from these trades were unprecedented since the series began in 1997.
In summary, the Brazilian pork market is currently facing challenges with declining prices attributed to weakened demand. While there was a temporary decrease in shipments earlier in the year, February brought a resurgence in exports, suggesting potential for recovery in the market.
Original Source: www.thepigsite.com
