More expensive than chicken and beef, the price of pork increases by up to 11.4% and loses competitiveness, points out USP

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According to researchers from Cepea-Esalq in Piracicaba (SP), the appreciation of pork is due to the slightly lower domestic supply and the heated demand in the first half of February. Prices of live pigs and pork meat also fell in January 2024 Disclosure Unlike what was recorded in January 2024, pork prices rose in comparison with wholesale chicken and beef prices in Greater São Paulo in the first fortnight of February. The value of live pigs in SP closed at R$ 6.79, which represents a variation of 10.77% in the period. The Cepea indicator for special pork carcasses recorded an average price of R$9.97 per kilo this Thursday (15), an increase of 11.40% since the beginning of February. The scenario makes the food lose competitiveness in relation to the other two proteins, which had declines in prices during the period. – 👇See more details below in the report. The appreciation of pork is due to the slightly lower domestic supply and heated demand in February, according to a survey released this Friday (16) by the Center for Advanced Studies in Applied Economics (Cepea) at the USP campus in Piracicaba (SP). . 📲 Receive news from the Piracicaba region on WhatsApp This upward movement in pork prices should be brief, as noted by agents consulted by the Research Center, who are already observing a decrease in the pace of sales, a context that could put pressure on prices in the coming days . January of lows The prices of live pigs and pork meat fell in January 2024. The falls were the result of the low rate of protein exports and weakened domestic demand. In Minas Gerais, the price for the animal was $6.87. In Paraná, at R$ 6.15. In Rio Grande do Sul and Santa Catarina, which had the lowest prices, the price closed at R$6.08 and in São Paulo, at R$6.55. Pork production Júlio Cavalheiro/ Secom In the domestic market, weak sales were linked to the population’s lower purchasing power at the end of January, the school recess and the high supply of pigs. In comparison with December 2023, the live pig indicator closed with all lower levels in all states monitored by Cepea in January 2024. In the first 19 working days of January, the daily average of pork shipped was 3.7 thousand tons, a significant 22.7% below the performance presented in Dec/23 – data from Secex. Chicken Chicken Production Reproduction Cepea’s analyzes indicate that, despite the devaluation of live chicken in the domestic market, the purchasing power of poultry farmers in São Paulo has been growing in February. According to researchers at the institute, this scenario is the result of the most significant drop in the prices of the main inputs used in poultry production – corn and soybean meal. “The decline in live chicken, in turn, is due to the lower demand for animals for slaughter throughout the first half of February, given the decline in meat sales”, he points out. Exports record a drop in January The drop in exports, lower consumer purchasing power and weakened domestic demand caused the prices of chicken and pork to fall in January 2024, according to Cepea. Compared to December last year, chicken prices registered drops of up to R$2.6%. – 👇Read in detail below. The downward movement in chicken prices occurs, according to the research, due to the increase in supply in the Brazilian market, caused by the decrease in demand for the food by the domestic consumer who, at this time of year, usually has expected tax expenses. Domestic demand also declines during school breaks. “The pressure, according to researchers from this Center, came from the increase in domestic availability resulting from the drop in exports and weakened domestic demand, [principalmente por] extra expenses of the population and school recess”, he highlights. Live cattle prices continue to fall Reproduction/TV TEM Live cattle Live cattle prices are falling in February in the partial analysis until this last Wednesday (14). the CEPEA Indicator/ B3 fell 3%. Research by Cepea shows that the demand for slaughterhouses remains relatively low, and scales are extended in all areas of the state of São Paulo. “Regarding the number of animals slaughtered in 2023, the IBGE release confirms what the prices have already shown: the supply from livestock farmers exceeded the demand from slaughterhouses, leading to a negative price adjustment throughout the year”, points out Cepea. Preliminary data shows that 33.9 million heads (males and females) were slaughtered in 2023, a total that is close to the 2013 record, at the mark of 34.4 million animals. “Compared to 2022, the increase is 13.2%”, he specifies. After starting January above R$ 252 per at , the Live Cattle Indicator published by Cepea ends January 2024 with an accumulated drop of 2.9%, closing on the last day of the month, this Wednesday (31), at R$ 245. According to Cepea researchers, the scales of relatively long slaughter periods have put pressure on arroba prices, especially for animals destined to supply the domestic market. “In general, the prices offered by slaughterhouses have not pleased producers and are generating some discouragement for replacement. Without much possibility of holding the animals in the pasture or in the trough, given that it increases costs, traditional livestock farmers and feedlots are testing their individual viability limits, trying to regulate supply”, notes Cepea. 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