Brazilian Pork Market Experiences Decline in Early March 2023

The Brazilian pork market experienced price declines in early March due to decreased demand, with a slowdown in live swine trades. Despite a slight dip in pork exports in January, February saw record-breaking export volumes and revenues according to Secex.

In the initial two weeks of March, the Brazilian pork market witnessed a decline in both live swine and pork meat prices, as reported by Cepea. This decrease is attributed to a reduction in demand, resulting in purchasers slowing down their trading of live animals due to low liquidity in pork meat sales. Notably, while live pork meat shipments experienced a slight drop in January, there was a notable increase in February. Both the quantity of pork exported and the financial gains from these transactions reached record levels for February, according to data from Secex, which has been tracking statistics since 1997.

The Brazilian pork market is currently facing challenges due to reduced demand that has led to lowered prices in early March. Despite a small dip in exports in January, February’s performance set records in terms of volume and revenue, indicating fluctuations in market dynamics.

Original Source: www.thepigsite.com