Brazilian live pig prices fall 16% MOM amid rise in pork exports to Asia

Live pig prices in Brazil’s five main producing states fell 16% month over month to $1.05/kg, as weak domestic demand and rising exports to Asia reshape the market, according to Brazil’s Center for Advanced Studies on Applied Economics April 28. Brazil’s domestic demand remains weak, as consumers shift from pork to chicken, a Japan-based buyer said. Brazilian meatpackers are offering largerLive pig prices in Brazil’s five main producing states fell 16% month over month to $1.05/kg, as weak domestic demand and rising exports to Asia reshape the market, according to Brazil’s Center for Advanced Studies on Applied Economics April 28. Brazil’s domestic demand remains weak, as consumers shift from pork to chicken, a Japan-based buyer said. Brazilian meatpackers are offering largerRead More