Even in the face of the strong and continued increase in the values of the main feed inputs for pig farming, corn and soybean meal, the record prices of live animals increase the purchasing power of producers consulted by Cepea in August, which even exceeds that seen in same month of 2019.
In the pig market, the restricted supply of animals for slaughter and the industry's heated demand for new lots, mainly due to booming exports, keep values on the independent market rising. As for corn, according to the Cepea Grains Team, prices have continued to rise sharply in the domestic market since June, even with the advanced harvest of the second crop and with estimates pointing to record production.
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The boost comes from the retraction of sellers, which limits the availability of the cereal in the Brazilian spot, firm domestic demand and exports at a heated pace. For soybean meal, the significant increases are due to the increase in the price of the raw material and the increased domestic demand for the derivative, mainly due to poultry and swine farming.
Source: agrolink
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