Between the opportunities and the drag of the macro for meat exporters in Argentina

Exports of beef accumulate US$2,752,699 million in the first nine months of the year, according to the survey of the Institute for the Promotion of Argentine Beef (IPCVA) and although there is still a quarter to be counted, the final number points to exceed the US$3,500 million of external sales, as a floor this year. To understand the moment that Argentine livestock is going through, it is enough to look at some numbers. In the first place, beef exports will close the year around 30% more than last year, and this is due not only to the volumes exported but also to prices, which after the pandemic recovered the values per ton, in even at some point in the year they reached historical levels. In the case of China, they climbed to US$7,500 per ton and the Hilton Quota for high-value premium cuts reached peaks of US$17,000 per ton, when a good price is between US$13,000 and US$14,000. The other relevant data is that China's participation as a destination for Argentine beef exports ...