Mercosur steer reached the highest level: Increases predominate in Brazil, Paraguay, and Uruguay

Published 2024년 10월 24일

Tridge summary

The average value of slaughtered cattle in Mercosur countries, as represented by the Mercosur Steer Faxcarne Index, has reached its highest level since early May 2023. The index rose 11 cents in a week to US$ 3.58 per kilo carcass. The stable local currency in Argentina has contributed to this increase, as has the stability in export prices to Chile. In Brazil, the average value of fatted boi in the main exporting states also increased, despite a falling exchange rate. The price of cattle for slaughter in Paraguay also increased due to rising export prices to Chile, and in Uruguay, the references returned very close to maximums of late August. In Argentina, the export price of steer remained stable in local currency but fell 2 cents in weekly dollars to 4.06 per kilo.

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Original content

Faxcarne | The average value of slaughtered cattle in Mercosur countries jumped again this week and reached the highest level since early May 2023, more than 17 months ago. The Mercosur Steer Faxcarne Index rose 11 cents in the week to US$ 3.58 per kilo carcass. The price reached the highest level while in Argentina the stability of the local currency persists. In Brazil, despite the exchange rate falling 1.0% in the week, the average value of fatted boi in the main exporting states rose 14 cents to US$ 3.35 per kilo carcass (reference exempt from the Funrural tax), a maximum since the end of April 2023. The rise in the Brazilian reference and the improvement in export prices to Chile pushed up the price of cattle for slaughter in Paraguay, where the common male reached US$ 3.45 per kilo. In Uruguay, the references returned very close to the ...

Source: Elagro