Tridge summary
Slaughter cattle prices in Argentina, Uruguay, and Paraguay have experienced changes, with Argentina seeing a significant increase due to limited supply and strong international demand. The Mercosur Steer Index rose to US$ 3.56 per kilo carcass, with the export steer price increasing by US$ 52 cents in a week. In contrast, Brazil experienced price stability but a 2.5% currency devaluation led to a decrease in prices. Uruguay and Paraguay also reported price increases due to limited supply and favorable conditions, with Uruguay's special export steer reaching US$ 3.55 and Paraguay's slaughter male at US$ 3.45 per kilo.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Faxmeat | Slaughter cattle prices rose this week in Argentina, Uruguay and Paraguay, but where the trend was explosive —just like last week— in Argentina. The Mercosur Steer Index rose 7 cents in the week to US$ 3.56 per kilo carcass. In Argentina, the price of the export steer increased US$ 52 cents in the week and accumulates a rise of 94 cents (26%) in the last two. The scarce supply and the firm international demand are the main bullish arguments. The export steer is trading this week at US$ 4.57 per kilo carcass, considering the official exchange rate and adding the 9% tax on meat exports. In Brazil the trend was the opposite. There was stability in prices in reais, but the 2.5% devaluation of this currency caused the fat boi to fall 8 cents to US$ 3.21, consolidating itself as the lowest ...
Source: Elagro
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