Despite the live chicken price drops in Brazil, the purchase power of poultry farmers in São Paulo was increasing in the partial of February, according to a recent market report from Cepea. This scenario is a result of more significant price drops for inputs used in production, including soybean meal and corn. The decline for live chicken quotations was related to low demand for animals to slaughter in the first fortnight of February, due to reduction of chicken meat sales.

After hitting a record in 2023, Brazilian shipments of chicken meat decreased significantly in the first month this year, due to the smaller volume purchased by important trade partners in Asia and in the Middle East.

According to data from Secex, 404.9 thousand tons of chicken meat, natural and processed products, were exported in January, 13.3% less than in December and moving down 3.8% compared to the same period in 2023.