Paraguay: A recovery of the value of the fat farm in the region is expected, estimated a specialist

Published 2023년 1월 4일

Tridge summary

The article discusses the future of cattle prices in the region, highlighting a need for improvement from current levels. Experts suggest that prices could range between US$3.50 to US$4 per kilo per hook, though not reaching the highs of April 2022. The Chinese economy is identified as a key factor in these price fluctuations. Currently, the Mercosur Steer Index is at its lowest since 2022, but it is anticipated to rise slightly from this level.

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

Original content

The projections on the price of cattle in the region depend a lot on how the Chinese economy behaves, however, the values are expected to improve, although they will not be similar to the historical numbers that were achieved in the first half of 2022. Rafael Tardáguila, director of the consulting firm Tardáguila Agromercados, which is dedicated to preparing the international newsletter Faxcarne, which includes the Mercosur Steer Index; estimated that "the average price of cattle in the region would have to exceed current levels and range between US$3.50 to US$4 per kilo per hook." The Mercosur Steer Index ended the year with a price of US$ 3.30 for meat, very close to the lowest levels of 2022 registered in October. On the contrary, in April 2022, the Mercosur Steer found the highest reference with a value of US$ 4.45 for meat. "They will not return to those levels of ...

Source: Elagro