Mercosur steer: A decline in Argentina due to the movement of financial dollars

Published 2024년 12월 27일

Tridge summary

The article provides an overview of the current prices of export-quality steers in Argentina, Brazil, Uruguay, and Paraguay, countries part of the Mercosur trading bloc. It highlights the recent trend in cattle prices, with Argentina experiencing a slight devaluation leading to a higher price for steers compared to its neighbors. Brazil's steer price has also seen a decline, with a notable decrease in exports contributing to the downward trend. Uruguay's prices remain stable, while Paraguay sees a slight increase. The article aims to provide insight into the competitiveness of Mercosur countries in the global meat market by reporting prices in the United States and European Union, where prices have recently increased.

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

Original content

Mercosur steer: impact of financial dollars causes decline in Argentina With the first major devaluation, cattle fell six cents to USD4.25. It remains the highest value in the region, remaining 13 cents more expensive than Uruguay, unchanged for the third consecutive week. In Brazil, it continues to decline, four cents in the week, and in Paraguay it increased fifteen cents. The values of export-type steers in the trading block's markets and their behavior since last week are reported. Argentina: heavy and traced steers are paid USD4.25, at the net exchange rate for exports, with a drop of six cents since the previous week. Without changes in the offers of exporters, the first weekly devaluation of some importance in the financial markets, after many weeks of revaluation, led to this fall. It remains the highest price in the region. Brazil: fat steers are worth USD3.44, four cents less in seven days. The price in reals did not change here either, but a new devaluation caused such ...

Source: Defrentealcampo