Uruguay: Industrial margin is at a low since 2022

The weather is accompanying agricultural production with an exceptional spring; especially for livestock, with several sunny and temperate days, interspersed with rains that have kept the fields at a good water level. As always, the situation is not uniform and some areas need more rain, but the overall scenario is very good. The climate projections—always subject to a certain margin of error—that take into account the temperature trends of the Pacific Ocean (Niño/Niña oscillation) do not show extremes, with a certain tendency towards temperatures below the average; a Niña could be forming, but moderate (graph). In this context, prices in the meat chain have remained firm at all links; especially in replacement cattle, which—in addition to responding to international price trends through fattening prices—has been affirmed by the aforementioned climatic circumstances. Thus, the average price of calves at screen auctions already exceeds 3.30 US$/kg on the hoof, with calves weighing ...