September 21, 2016

Brazilian pig, broiler production costs continue to fall

Due to low prices of animal feeds, production costs for Brazilian pigs and broilers fell in August, the second month in a row, Brazil's agricultural research institute Embrapa said. 

It said the production cost index for pigs fell by 0.46%, while that for broilers fell by 2.65%.

Earlier in June, the two indices reached record highs after Brazil suffered from a low harvest of corn.

Feed accounts for 60%-70% of the total cost of both livestock and poultry productions.