What is happening with Argentine cattle and meat?

Published 2024년 6월 25일

Tridge summary

The Ministry of Bioeconomy's Livestock Economic Results Bulletin has reported a 21% decrease in breeding margins due to high inflation, with the Cuenca del Salado model falling 11% below the average of the past 12 years. Beef exports also declined for the third consecutive month in May, down by 8% from April. The average value of fresh boneless meat increased by 5% in May. The Hilton quota coverage reached 92% with an remaining gap of 8%, generating revenues of USD 292.5 million at an average value of USD 10,812.6 per ton. Producer's participation in the final price of food increased from 31.1% to 34.4% in May. The trade balance showed a surplus of USD 2,656 million in May, with a 21.7% increase in exports and a 32.8% decrease in imports year-on-year.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

+11% According to the Livestock Economic Results Bulletin prepared quarterly by the Ministry of Bioeconomy, "breeding margins in recent months have been deteriorating in the face of very high inflation and in May the MB of the Cuenca del Salado model ($117,884) /ha) is 21% below the average of the series that began in June 2011. The wintering calf is today - in constant currency - 16% below the average of the 2011-2023 series. Consequently, "for wintering, the purchase/sale ratio of 1.16 and cheap corn pulled down the margins, which were much higher than those of the previous quarter, even though the price of the steer is 7% below the average of the series". -8% The volume of beef exported fell during May. According to data published by INDEC in May, a total of 55,265 tons of beef product weight were exported (without excluding bones). The figure represents 8% less than the 59,915 tons registered in April and marks the third consecutive month in decline since the maximum reached ...

Source: Chacra Magazine