News

Farm prices in the Argentine market began to suffer the downward impact of the May

Frozen Bone-In Beef
Meat
Argentina
Published Mar 3, 2023

Tridge summary

Just a few days ago, a commercial opportunity for Argentina and Uruguay opened up in the short term with the temporary suspension of Brazilian beef exports to China due to the detection of a sporadic case of “mad cow”. However, while Uruguay was able to take advantage of that event, Argentina was left with the “ñata against the glass” since the rapid spread of H5 avian influenza complicated everything.

Original content

Just a few days ago, a commercial opportunity for Argentina and Uruguay opened up in the short term with the temporary suspension of Brazilian beef exports to China due to the detection of a sporadic case of “mad cow”. However, while Uruguay was able to take advantage of that event, Argentina was left with the “ñata against the glass” since the rapid spread of H5 avian influenza complicated everything. The General Index of the Cañuelas Agricultural and Livestock Market (IGMAG) was located at 355.2 and 360.9 on Tuesday and Wednesday of this week, while on February 17 it had reached a maximum of 407.9. The additional supply of poultry meat, as a result of the closure of exports prompted by the detection of an H5 avian influenza outbreak in a commercial poultry farm, represents a clear bearish factor in a domestic market where the impoverishment of consumers affected by accelerating inflation prevails. . Within this framework, some winterizers and feedlots rushed to sell given the ...
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