Meat continues to rise in price: perhaps this is a trend until October

PORK

In this market, continued progressive growth in prices for most commodity items is fixed.

The live pig price index is 128. This is 1% more than a week earlier and +7% yoy.

The current index is significantly higher than the average for 2018-2022, but below the high of the current year, recorded in the 16th week (see chart).

The seasonality of supply and relatively high prices for the substitute product (broiler meat ) continue to play in favor of pork producers .

BROILER

The broiler carcass continues to add in price for two weeks, and reached the mark of 178. However, this is also not the maximum for 2023 yet - it was reached about two months earlier.

Now the broiler costs 2% more than last week and 27% more year on year.

“Prices for broiler meat have so far refused to decline, and so far there are no signs that the supply of meat is recovering,” the monitoring says. In the coming months, they are likely to continue to remain at a high level.

Andrey Dalnov, the author of the monitoring, assumes a further increase in meat prices. Let's say the average price of a pork ham next week may be above 300, although it has not yet reached 270. When the uptrend will break, he finds it difficult to say. According to experts, this can happen between August and October.