Argentina and Uruguay without clear reference prices for the Mercosur Steer

Although the Argentine price stands at USD4.48, very few operations are carried out in the face of exchange rate uncertainty and inflation. For its part, the Uruguayan hacienda has a great dispersion of prices. Brazil registered no changes and Paraguay shows a strong recovery in 15 days. Since last week, the dollar prices of the steer in the different Mercosur countries had the following behavior. Argentina: the weighed and traced steer has offers of USD4.48, at the official exchange rate less export duties, 14 cents more than last week. However, it is still a nominal reference since at these values the actual purchases they make are minimal. The climate of strong uncertainty, with the great exchange rate run in the parallel market, runaway inflation and the disputed general elections in ten days, has severely restricted supply. The plants understand that there is no price that can tempt livestock farmers, who also look for very short payment terms, which not all can offer. There ...