Mercosur's steer higher prices in almost all places

Published 2024년 7월 22일

Tridge summary

The article provides an overview of the recent trends in beef prices across Argentina, Brazil, Uruguay, and Paraguay, as reported in the Novillo Mercosur weekly report. It highlights the increase in Argentine beef prices, attributed to a drop in financial dollars and a higher offer in pesos, making Argentine beef 22% more expensive than its competitors. In contrast, Brazilian and Uruguayan beef prices saw minor increases, while Paraguay's remained stable. The article also discusses the effects of regulatory factors and supply dynamics in each country. Additionally, it provides context by comparing current prices with those of the past year, noting the price fluctuations and the impact of supply and demand. The report aims to evaluate the competitiveness of Mercosur country's beef in external markets.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Argentina had the biggest increase: 11 cents on the dollar. The fall in the price of financial dollars and the increase in offers in pesos due to lack of finances explain the increase. Prices in Brazil and Uruguay also rose while Paraguay remained unchanged. What happened in the region and the world in the last year. The prices of export-type steers in the markets of the region and their behavior since last week are reported. Argentina: the weighed and traced steer pays USD3.80, eleven cents more than the previous week. There were offers about $100 higher by the industry, which indicates a lower supply of the category, to which was added a drop in dollar quotes in the financial markets, which explains 20% of foreign exchange earnings. It was the strongest weekly increase in the region. Brazil: the fat steer is trading at USD2.82, four cents more in seven days. A slight increase in the local price was reinforced by the appreciation of the real, which went from 5.49 to 5.43 per ...

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