An increase in steer prices in Mercosur, Argentina leads the rises

Published 2024년 11월 28일

Tridge summary

The Mercosur bloc's steer market is experiencing positive growth, with all member countries seeing price increases. In Argentina, export-type steers reached US$4.26/kg, driven by Slaughterhouse demand and limited supply. In Brazil, fattened steers were quoted at US$4.03/kg, with strong projections despite a slight decrease in exports. Uruguay saw a slight increase to USD 4.08/kg, but exports are down by 40% compared to last year. Paraguay's steer suitable for the European Union reached USD 3.60/kg, with fluctuations in price due to varying lot sizes. The average price of Argentine steer is 8% higher than its Mercosur neighbors, with the largest price gap being between Paraguay and Brazil. Internationally, steer meat prices also increased, with the US reaching USD 6.44/kg and the European Union averaging USD 5.58/kg. The suspension of Mexican cattle imports in the US due to the screwworm fly is causing concern for the supply and prices of cattle locally.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

(NAP) The Mercosur steer market continues to show positive performance, with all countries in the bloc experiencing price increases. In Argentina, export-type steers reached US$4.26/kg, marking an increase of 10 cents compared to last week. This increase is due to the greater demand from slaughterhouses and the lack of supply in the category, together with the impact of the fall in financial exchange rates that encouraged the increase. As a result, purchases were agreed upon in a minimum of slaughter days. In Brazil, fattened steers were quoted at US$4.03/kg, with an increase of US$0.06 in the last week. Despite a slight decrease in exports compared to previous months, the projections remain strong, with volumes close to 240-250 thousand tons per month. The average export price reached USD 5,000/ton, which represents an increase of USD 400 in recent weeks. For its part, Uruguay registered an increase of USD 0.02 in the price of its export-type steer, which stood at USD 4.08/kg. ...

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