EN 
PT_BR 
Live pig prices fell across the board in February, mirroring a similar trend seen in the chicken market. In the state of São Paulo, the drop was 17% compared to January, with prices reaching R$ 6.90 per kilo, a value 21% lower than that recorded in February 2025. In the first half of March, prices remained stable at this level.
Even with pork being more competitive compared to beef, the price ratio compared to chicken remained within the historical average.
The reduction in prices directly impacted the profitability of the activity. On average in the southern states and Minas Gerais, prices fell by 15%, while the cost of production saw a slight decrease of 2.4%. As a result, the pig farming spread decreased from 22% in January to 10% in February, the lowest level in 21 months.
On the supply side, there was an increase in slaughtering. Preliminary data indicates a 3% growth in the volume slaughtered in the first two months of the year.
In the international market, exports maintained a positive performance. In February, shipments of fresh pork grew by 31% compared to the same month in 2025, accumulating an increase of 8% in the two-month period. Asia remained the main destination, concentrating approximately 7% of sales, with the Philippines and Japan standing out, increasing their purchases by 8% and 4% respectively.
Despite the increase in export volume, the average price of exports showed a slight decrease compared to January. Even so, with the sharper drop in costs, the export spread remained close to 40%, above the five-year average of 30%.
According to data from Itaú BBA Agro Consulting, the period was marked by a sharp drop in domestic prices and compression of margins, while the external market remained the main support for the activity.
