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Cepea data show the average live hog price in Paraná rose from R$4.66 per kg in September to R$5.82 in October, a 24.89% gain. Deral had shown producers receiving below production cost in September, with feed the main expense, though prices lost strength at month-end.
A sharp regional hog price rebound improves producer margins and could support demand for feed, but feed remains the dominant cost and the recovery is fragile, so buyers may see cautious restocking.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.