The prices of live animal and of the main wholesale cuts are still firm in the Brazilian market, as a result of a lean domestic availability, with strong flow of production to the foreign market. Domestic demand is still shyly evolving but is expected to warm up over the past two months, favored by year-end festivities, salary bonuses, and strong upward movement in beef prices across the country. This must lead consumers to migrate to more affordable proteins such as pork and chicken. In addition, industries are already demanding more animals and preparing to meet the expected year-end demand, a factor that may also help to make room for new readjustments in the country.
Brazilian exports are accelerating. According to data from the Foreign Trade Secretary (SECEX), Brazilian pork exports reached 66.688 thousand tons in October (adding in natura and industrialized). The average price per month of the month was USD 2216.94. Both numbers were the best of the year so far. As expected, China was the main importer of the month with 26.2 thousand tons (highest monthly volume ever sent to the Chinese market).