EN 
PT_BR 
According to data from Itaú BBA Agro, Brazilian pig farming is expected to end the year in a favorable scenario, supported by strong domestic demand, controlled costs, and increased exports. The expectation is that pig prices will remain supported by typical holiday consumption, guaranteeing positive margins for producers.
Even if prices don't reach the peak of R$ 10/kg recorded in early December 2024, they should remain at remunerative levels, since production costs continue to be well below those observed last year. In foreign trade, the trend is for the maintenance of a strong pace of shipments, with the potential to increase the annual total, currently at 13%, since the final months of 2024 had weaker performance.
Photo: Ari Dias
For 2026, Itaú BBA Agro highlights two key factors. The first is the expectation of stable feed costs, supported by the positive outlook for grain production in the 2025/26 cycle. The second is the continued expansion of production, which has already been gaining momentum due to the good margins captured by the sector.
The challenge, however, will be to balance the increase in supply with the need for continued growth in demand, especially from abroad, which has been a positive surprise this year. Historically, cycles of high margins drive increased slaughtering, reinforcing the importance of monitoring the behavior of international buyers.
Although the outlook for 2026 remains "constructive," with costs under control and good prospects for the external market, Itaú BBA Agro recommends caution in the face of any abrupt changes in the global environment.
