The price of Mercosur steer in Mercosur has been falling for four weeks

Faxcarne | The average value of slaughtered cattle in Mercosur fell for the fourth consecutive week. The Faxcarne Index of Mercosur Steers fell 5 cents in the week to US$ 3.54 per kilo of carcass, with a cumulative decrease of 31 cents (8.3%) in four weeks. Those who fell this week were Brazil and Argentina. In Brazil, the downward correction in real terms was moderated, but the weakness of the exchange rate continues to have an impact. The real fell 1.7%, while the average value of fatted boi in the main exporting states fell 6 cents (1.9%) to US$ 3.18 per kilo of carcass, a minimum since the beginning of October. In Argentina, the reduction in demand pushed the prices of export steers downwards; the correction was Ar$ 100 in the week to Ar$ 4,400 for the best quality. In dollars, the correction was 13 cents to US$ 4.36 per kilo of carcass, a reference that includes the 6.75% tax on ...