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Brazil: Average live hog price reaches lowest level since July 2012

Live hog and pork prices fell in May for the third consecutive month, pressured by weak domestic demand and a decline in export shipments.

12 June 2026
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Live pig and pork prices fell in May for the third consecutive month due to low domestic and international demand. The average price of live animals traded on the SP-5 market in May was the lowest, in real terms, since July 2012 (values were adjusted for inflation using the April 2026 IGP-DI), according to the historical series compiled by Cepea.

According to Cepea, demand did improve somewhat ahead of Mother's Day (May 10), a date that traditionally boosts pork consumption and, consequently, demand for live hogs. However, demand weakened again in the following weeks, leading to successive price declines.

Regarding export demand, data from Secex show that the daily average volume shipped in May (during the first 15 business days) was 15% lower than in April. Cepea researchers note that Brazil’s pork sector has prioritized export sales this year in an effort to move meat supplies and stimulate a recovery in domestic prices.

In the wholesale pork market, prices also declined, although less sharply than in the live hog market, according to the research center.

June 5, 2026/ Cepea/ Brazil.
https://www.cepea.org.br

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