Uruguay: Increasingly structural, so what?

If we observe the international supply and demand for beef and the renewed valuation that animal protein has in the world, it is increasingly convincing that Uruguay's pricing process is not temporary. Let's assume that the logical price is below the current prices, which are partly due to a "post-slaughter boom." Let's also assume that there is currently special rivalry to capture cattle among the four major players in Uruguay's beef processing, leading to a certain premium. Even so, the export price above US$ 5,000 may persist for a few more months or years. And therefore, the price per kilo of steer carcass may remain above US$ 4.50 for several more months (or years?). For the purchase of replacements, it is a challenge. But inaction can be costly. If the spring is rainy, the price of replacements will continue to rise. There may be interruptions to the high prices if a drought situation develops, as is already being hinted at in the East of the country. But it is unlikely that ...