Broiler production cost in Paraná rose 1.62% in October to R$5.04 per kg, the first time above R$5 since March 2023. Live pig cost in Santa Catarina fell 0.62% to R$6.51 per kg over the same month.
Feed made up about 66% of broiler cost and rose 2.25% in the month.
Rising feed costs push up broiler production costs, which supports chicken prices and corn and soymeal demand from Brazilian integrators. The lower pork cost in Santa Catarina eases pressure on hog margins.
After 61 past neutral report events, Lean Hogs moved a median -0.4% over 5 sessions (48% higher; middle half -1.3% to +1.8%), and +2.1% over 20.
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.