Argentina: The closure of meat exports only served for now to lower the prices of the old cow that was exported to China by 20%

The only visible impact so far of the closure of meat exports that the government ordered last May 20, and that would last for 30 days in principle, was that the value of the canned cow was reduced by about 20%, which is what is called the old cow that has few teeth left, and which is better to get rid of in the breeding fields, which are the basis of the livestock business because they have the responsibility of producing the calves that will later grow, they will gain kilos of weight and will later be sold as meat. Canned cow prices (this category is usually divided between good and bad) had reached 104 and 94 pesos per live kilo, respectively, when the export ban began on May 21. This week they had dropped to 99 and 76 pesos .. This according to the official survey of livestock prices called SIO Carnes. In the case of the worst quality preserved cow, the drop turned out to be almost 20%. In the Liniers Market, which usually establishes the reference prices for the local ...