Breeding, fattening, consumption, and export; different realities in the Argentine livestock chain

Published 2024년 8월 29일

Tridge summary

The Argentine cattle market is experiencing a mix of challenges and opportunities. Export steer prices have slightly decreased from high levels, and there's an increase in light cattle supply for domestic demand, although price increases are not expected in the next three months. Feedlots face losses due to high feed costs and low meat price increases. Drought affects steer production in certain regions, but the reduction of export duties and increased Chinese meat imports are positives. The elimination of export duties for beef exports has increased cattle prices, benefiting breeders. However, the high cattle prices are causing pressure to reduce them, and there's optimism that the trend of increasing meat prices, expected to continue due to reduced stocks and the Lunar New Year, could offset the challenges faced by the industry.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Wintering with good values and breeders with healthy accounts. Consumption is offered and the possibilities of improvements in the values of cattle are remote. The prices of export steers register a slight fall but remain at high prices for the industry. Cows are flying and China continues to suck up meat. In the cattle market, an increase in the supply of light cattle from feedlots is observed. There are more young steers and heifers destined for slaughter to meet domestic demand. The availability of cattle in these categories will remain at high levels during September, October and November. For the next three months, increases in the values of light cattle should not be expected since consumption, which continues to do everything it can to buy beef, has shown its limits and this is reflected in the values of meat and cattle. Both cattle and meat prices have been registering year-on-year increases higher than the accumulated inflation, but in the last three months meat increased ...

Source: Defrentealcampo