Argentina stands out in the midst of general increases in the values of the Mercosur steer

Market & Price Trends
Published Oct 23, 2023

Tridge summary

The local treasury has had a small increase in revenue, despite economic and electoral uncertainty causing operations to slow down. Uruguay has seen a slight increase in the average value of export-type steers, while Paraguay has experienced three consecutive weeks of growth due to strong sales to Chile. The price of steers in Argentina remains high compared to neighboring countries, reflecting the distortions in the local economy.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

The local treasury had an increase of 29 cents on the dollar, although the context of economic and electoral uncertainty slows down operations. Uruguay once again had a reference price in a market in recomposition, Brazil gained four cents due to the appreciation of the real and Paraguay completed its third week of growth due to the firmness of sales to Chile. Argentina: the weighed and traced steer has offers of USD4.77, in official dollars and with export duties, 29 cents more than the previous week. In reality, it is difficult to maintain that this is the market price, since with that average the plants virtually do not obtain operations. The resistance of producers to sell, in the face of economic and political uncertainty, just days before the general elections, is very strong. Whatever the payment term, exporters are unable to attract the will of sellers given the uncertainty presented by the variables for the week following the elections. Some plants have decided to stop ...
Source: Rural Net
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