Brazil boosted the Mercosur Steer: Price was positioned at US$ 3.40

Published Dec 8, 2022

Tridge summary

The average value of the steer in the Mercosur region, particularly driven by Brazil, has increased to US$3.40 per kilo carcass, the highest in seven weeks. This increase is due to a rise in prices in reais and a 0.9% appreciation of the exchange rate in Brazil. Meanwhile, in Argentina, the export steer remained firm at US$3.59 per kilo carcass. However, in Uruguay and Paraguay, the trends were downward, with the special steer in Uruguay dropping 10 cents to US$3.50, and the bull for slaughter in Paraguay dropping between 5 and 10 cents to US$3.20.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Faxmeat | The average value of the steer in the Mercosur was confirmed again in the week driven mainly by Brazil. The Mercosur Steer Faxmeat Index rose 3 cents to US$3.40 per kilo carcass, the highest value in seven weeks. The main bullish argument was Brazil, with an increase in prices in reais that was boosted by the 0.9% appreciation of the exchange rate. The average value of boi gordo in Brazil rose 9 cents in the week to US$3.34 a kilo; accumulates an increase of 20 cents in the last two weeks. In Argentina, the export steer remained firm with a rise of 1 cent to US$ 3.59 per ...

Source: Elagro