Argentine pork sector report for June 2024: Challenges and perspectives

The price of live pigs continues to be the Achilles heel of production. It has remained stable in Argentine peso terms during June, however the small devaluation of the peso has led to a decrease in the value of pork in dollars. This phenomenon has made capon prices in Argentina the lowest not only in the region, but possibly in the world, a fact that has not been seen since the pandemic. This mismatch in the real value of the dollar creates a complicated economic environment for local producers, the report notes. The Bioeconomy Secretariat has published values that do not faithfully reflect the reality of the market, which generates an information gap and a disconnection between official figures and the situation experienced by producers. This discrepancy adds an additional layer of uncertainty and frustration in the sector, he adds. In terms of slaughter weight, the sector has seen higher numbers compared to last year and the average of the last decade (2012-2022). However, June ...