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The Sao Paulo live hog price fell 6% to R$6.67 per kg on 13 November 2026, following a 29.8% real-terms rise in October, Brazil's sharpest monthly gain since August 2012. The pullback reflects weaker retail demand and higher supply.
A sharp pullback after a record monthly gain suggests the hog cycle is easing in Brazil, which may soften demand for feed ingredients such as corn and soybean meal from pork producers.
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.