Climate and political livestock in Argentina

The best news of the month for the farmers was, without a doubt, the rain. One of all the variables that trample farm prices was released. Large cattle-raising areas of the country received the expected, and urgent, rainfall. Many areas remain in a state of emergency, in others much of the spring was lost, but the November rains change expectations as the water is expected to turn to grass. The dry season was the only variable that managed to lower the prices of wintering calves; Until now, neither the frozen prices of the fat, nor the red margins of the corrals, had been able to do it. The refuge of value and the expectations towards the future put a price on a calf that had nothing to do with the reality of business. But without water there is no grass, the fields are shrinking, and there is no expectation or refuge of possible value that drives prices. In the first 15 days of November, a 160-180kg calf averaged $397/kg, that is, 28% above November 2021. In the same period, ...