Average live hog prices fell across Brazil in October as domestic demand weakened, particularly in the second half of the month, according to Cepea. The decline followed September’s yearly highs, pressured by reduced purchases from meatpackers.
Analysts say pork’s lower competitiveness against beef and chicken contributed to the downturn. In September, pork reached its weakest price advantage of 2025 compared with other meats, leading to small declines that extended into October.
Market participants are divided on November trends. Some expect prices to recover on tight supply and strong year-end demand, while others warn that September’s high prices could raise retail pork costs and curb consumer interest.
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