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According to Cepea, live hog prices in the SP-5 region rose 29.8% from September to October, the largest monthly real increase since August 2012. The rally came from firm pork demand and lower supply of animals for slaughter, with cuts also rising.
A sharp domestic hog price rally signals tighter Brazilian pork supply and improved producer margins, which can support feed demand from hog operations.
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.