Argentina: Despite the low level of beef supply, local demand puts a ceiling on the rise in prices

While for wintering cattle, the reference value left by the last ROSGAN auction for the calf was $2,561.26, a nominal improvement of just 3.3% in relation to the values of last August against a general increase in prices that is expected to be slightly higher. From the point of view of seasonal supply, the number of calves reaching the market began to decrease significantly, said the latest Rosgan News Lot report. In turn, total availability at the beginning of this cycle - according to the stock reported on December 31 of last year - was 14.7 million, about 450 thousand calves less than at the beginning of 2023, a figure that, according to the data from the first vaccination against foot-and-mouth disease that SENASA would soon publish, could be even higher. Even so, current values do not seem to reflect a situation of supply restriction. When analyzing the prices of fat cattle, it can be seen that in the last two months their values also began to lag behind the general increase ...