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Producers Hindered by Corn and Soybean Volatility

7 June 2013, at 8:42am

BRAZIL – Poultry markets moved at a slow pace in May while pork shipments increased, despite the Ukrainian embargo, say analysts at the Centre for Advanced Studies on Applied Economics.

Poultry continued downward movement last month. This was particularly felt in the Campinas area where producer confidence was hit in terms of buying corn and soybean meal inputs.

Rising 26.5 per cent from April to May, pork exports drove up prices. This was also helped by the reduction of slaughter-ready animals in several of Brazil’s regions.