Argentina: The rise in the farm for meat consumption slows down, although export increases

Published 2023년 3월 1일

Tridge summary

Livestock prices have seen a significant increase, helping producers and fatteners amidst inflation and severe drought, though there is still a long way to go to catch up with inflation. The price rise has led to problems for the consumer industry and export values. The demand has reached a ceiling due to difficulties in passing on price increases to consumers. The government's plan to end a scheme benefiting tanneries remains uncertain. The export farm value has increased more than the income for meat dispatched by refrigerators, causing challenges due to a seasonal shortage of steers, delays, export duties, and exchange rate fluctuations.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The change in livestock prices after a long period of delay in relation to inflation undoubtedly benefited the producers and especially the fatteners, who were hit hard by this imbalance and by the severe drought. Although values have improved, they still have a long way to go to close the gap against inflation accumulated in the last year. The improvement was 70% in cattle against an inflation that overflowed 100%. The producer began, in terms of prices alone, to get its head out of the water, although it continues to be extremely difficult due to the dry season. In the case of the consumer industry (refrigerators that sell meat to the domestic market), the changes in values generated a problem because it is not yet possible to generate all the transfer to consumers. And in the case of exports, the values of the farm that nourishes said business rose more than those of meat. This Wednesday, at the MAG (Livestock Market) of Cañuela, an entry of 10,500 cattle was operated and what ...

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.