Argentina. Market share is shortening, indicating a change in the market trend

a genuine structural change heralding the beginning of a holding period, or whether this is merely a temporary decline caused by the high market volatility in recent weeks and, in this context, the uncertainty inherent in the pre-election situation. The truth is that the expected rate of animal shipments to slaughterhouses has now been officially confirmed: 1,169,120 head of cattle were slaughtered in September. While in absolute terms this figure is practically identical to the number of animals slaughtered in August, when calculated daily (taking into account the number of working days in each month), it shows a significant decline: 8.3% compared to the previous month and 7.7% compared to the previous year. Indeed, this is the sharpest year-on-year decline in the past year, and given its magnitude, it may well indicate the beginning of a trend reversal, although it is premature to confirm this. At the same time, an analysis of feedlot activity over the past month also reveals a ...