Beef prices continue to fall in Argentina
Published Nov 25, 2022
Tridge summary
Argentina is experiencing a decline in cattle prices, with fat cattle prices dropping below the historical average from 2005 to 2021. The Federation of Regional Refrigeration Industries of Argentina (Fifra) reports a 31% price drop in calves since May. The decline is due to stagnant internal demand and a collapse in external demand, both in volume and price. The future of the cattle market depends on heavy rainfall impacting supply and China's absorption of large meat exports.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
The price of cattle in Argentina continues to fall, with fat cattle below the historical average between 2005 and 2021. According to a report by the Federation of Regional Refrigeration Industries of Argentina (Fifra), the calf has had a 31% drop in prices since May. The entity explains that the problem is that internal demand cannot grow and external demand has collapsed, both in volume and in prices. Fifra explains that, in terms of supply, everything depends on heavy and widespread rains, which would determine a lower offer for several months; in the case of exports, ...
Source: Beefpoint
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