Paraguayan steer price lost 25 cents

Compared to the last seven days, the price of the Paraguayan steer fell sharply by 25 cents, closing at USD 3.60. Among the fundamentals, the consultant mentions that this decrease was influenced by the weak demand from Chile, the main destination for national meat, and the withdrawal of kosher slaughter equipment for Israel. This cuts the bullish streak that came registering the price of the local property during the last three weeks. Widespread declines were recorded in the region. Regarding Uruguay, the steer was quoted at USD 4.74, a drop of 22 cents, compared to the previous week, and accumulates 80 cents of decrease since the peak reached in mid-May. In Brazil, the price of the farm reached USD 3.91, a week-on-week drop of seven cents. Valor Carne explains that a decrease of two points in reais, offset by a slight appreciation of the currency, which went from 5.20 to 5.18 per dollar, led to this drop of almost two percentage points. Finally, ...