Live hog prices up by 32% in São Paulo
Live hog and pork prices gained significantly in May in all the regions monitored by Cepea. From April 29 to May 31 live hog prices gained almost 32% in the state of São Paulo, the largest monthly increase since July 2012. This was caused by low wholesale supplies. Increased domestic demand stimulated by the cold weather and mother's day, along with continued good export volumes used up packers stocks, which increased animal purchases. The volume of pigs for slaughter, in turn, is smaller due to both the limited availability as pressure exerted by producers. The main inputs, corn and soybean meal, continue to get more expensive, reaching levels in nominal terms.