
Brazil: Live hog prices rise for the first time this year
The industry saw a more intense and steady pace of business, contributing to the first price increase of the year for both live pigs and carcasses.
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The industry saw a more intense and steady pace of business, contributing to the first price increase of the year for both live pigs and carcasses.

The decline reflected lower poultry and pig meat quotations, while bovine and ovine meat prices remained broadly stable.

Logistical constraints and trade disruptions pushed world cereal prices up further in September.

Highlights from the grain and oilseed estimates for the 2026/27 marketing year released by the USDA on September 11, 2026.

Higher pig supplies and weakness in the meat market triggered a sharp change in the German market trend during September.

After the exceptional respite in August, the European hog market is back on a bearish trend. Spain faces the coming months under pressure from falling prices, ASF, and growing international competition in a global market with an oversupply.

Geopolitics, oil, and a lack of purchases add uncertainty to a grain market that has already priced in the smaller harvests.

International cereal prices increased across all major grains in August.

The increase reflected higher poultry, pig and ovine meat prices, which were partly offset by lower bovine meat quotations.

Prices recovered strongly in August, but Tönnies' new contracts and supply developments are creating uncertainty for the autumn.

This summer’s extreme heat has unexpectedly turned the European pig market on its head. A shortage of pigs and a rebound in demand have driven prices sharply higher in Spain and Germany, but competition from the world’s major exporters and weak Chinese demand paint an uncertain picture for the months ahead.

According to researchers at Cepea, demand for pork typically weakens in the second half of the month due to the population’s lower purchasing power, which, in turn, reduces demand for live hogs.

Global wheat, maize, and sorghum prices increased while barley prices fell.

July saw the first monthly decline in 2026, reflecting lower quotations across all meat categories except ovine meat.

Lower pig availability failed to support the market as weak demand, abundant pork supplies, and pressure from slaughter companies pushed the German pig sector into one of its worst crises in years.

We are facing a deep and prolonged crisis that is structural in nature. The European swine industry will be unrecognizable in two years.