August 8, 2013

Brazil's hog prices rise on limited supply

Brazil's hog prices moved in late July, mainly in São Paulo as quotes were hovering around BRL2.77 (US$1.20) per kilogramme until July 25.

Quotations then changed to BRL2.94 (US$1.27) per kilogramme on July 26. On July 31, some trades were closed at BRL3.04 (US$1.32) per kilogramme.

According to players surveyed by Cepea, price rises are attributed to the smaller supply of animals with desirable weight to be slaughtered in São Paulo.

In other regions surveyed by Cepea, agents say that the demand for animals has increased and prices have moved up.