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The São Paulo Hog Exchange lowered its live-hog reference price to R$125 per arroba, or R$6.67/kg, down about 6% from R$133 the prior week. Its November 5 bulletin recorded 21,780 hogs traded and listed corn at R$66.47 per sack.
The lower hog benchmark can squeeze producer margins and weaken near-term incentives for feed use, although the reported trading volume provides a measure of market activity. The cited hog-to-corn price ratio was 1.88.
feedfood.com.brEquipe Feed&, FoodNov 5, 2026Not enough comparable past events yet for a historical read.
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.
