Atypical case of mad cow in Brazil brought down the price of the Mercosur steer

Published 2023년 3월 1일

Tridge summary

Exports of Brazilian cattle to China have been suspended due to a case of mad cow disease, leading to a decrease in cattle prices in Brazil and Paraguay. The Mercosur Steer Faxmeat Index fell by 8 cents to US$ 3.61 per kilo carcass, and the average price in Brazil's main exporting states dropped to US$3.20 per kilo carcass. In Paraguay, the price for male slaughter cattle fell by 35-40 cents to US$3.20 per kilo carcass. Meanwhile, prices in Argentina stabilized after a significant increase, and in Uruguay, prices for special export steers are recovering.

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Original content

Faxmeat | The suspension of exports from Brazil to China starting last Thursday after confirming the atypical case of mad cow pushed down the prices of cattle for slaughter in Brazil and Paraguay. The Mercosur Steer Faxmeat Index lost 8 cents in the week to US$ 3.61 per kilo carcass, leaving behind four consecutive weeks of gains. In Brazil, the market has not yet fully formed after the shock that the news implied, but prices are logically trending downward. The average value in the main exporting states fell 10 cents to US$3.20 per kilo carcass. The impact on prices in Paraguay was immediate. Slaughter male lost 35-40 cents at US$3.20 per kilo carcass. In Argentina, prices stabilized after the very intense appreciation of 38% from the second week of the year to last week. The references in Argentine pesos remained ...

Source: Elagro