Mercosur steer continues with a downward trend due to a weak exchange rate

게시됨 2024년 12월 19일

Tridge 요약

The Mercosur Faxcarne Steer Index has experienced a 7% decrease over the past three weeks, with the average value of steers in the region sharply correcting downwards. The fall is primarily due to Brazil, with a drop in references in reals and a weakness in the exchange rate. Argentina's price remained stable locally, but a 1.6% drop in the exchange rate for exporters led to a 7 cent decrease to US$ 4.49 per kilo of carcass. In Uruguay, references remained stable at US$ 4.12 for special steer, while in Paraguay, the market began to react with mixed prices.

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원본 콘텐츠

The average value of steers in the region again sharply corrected downwards in the week and has accumulated a 7% drop in the last three weeks. The Mercosur Faxcarne Steer Index fell 11 cents in the week to US$ 3.59 per kilo of carcass. The main bearish argument is once again Brazil, both due to a sharp drop in references in reals and the weakness of the exchange rate, which fell 0.9%. The fatted boi in the main exporting states of the country fell 18 cents in the week to US$ 3.24 per kilo of carcass, a reference exempt from the Funrural tax. It is the lowest value in nine weeks, since mid-October. In Argentina the price remained stable in the local currency, but the 1.6% drop in the exchange rate for exporters caused a 7 cent drop to US$ 4.49 per kilo ...

출처: Elagro