News

Argentina: January data confirm projections in favor of livestock sector

Meat
Argentina
Market & Price Trends
Published Feb 15, 2024

Tridge summary

Preliminary data for January 2024 shows a significant rise in livestock farming exports, exceeding 100,000 tons, despite unfavorable economic conditions and exchange rates. This is largely due to high international demand, particularly from China, despite low prices. However, domestic demand in Argentina is low due to inflation and price increases. The livestock value has been on the rise in 2024, with Argentina's prices being 16% higher than its Mercosur neighbors. The livestock industry has seen a 3% increase in cows, but a decrease in other categories, with female participation dropping to 46%, indicating a shift towards less slaughter. This year's slaughter is expected to be lower than 2023, with producers likely to continue preserving their capital and assets.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

The year began with a jump in exports, which would have exceeded 100 thousand tons of carcass equivalent. Slaughter was reduced by 3% and greater retention is expected to finish heavier animals. There are also challenges for the entire chain: unabated inflation, an unfavorable exchange rate and the lackluster margin of external businesses. By Miguel Gorelik. Miguel Gorelik. The preliminary export data for January appear to be a good incentive for livestock farming in 2024. According to the health certificates destined for foreign countries issued by Senasa, placements would have made a fairly significant jump last month, exceeding one hundred thousand. tons equivalent carcass. In the immediate term, it can be taken as an indication of the change that the business has registered since the inauguration of the new Government, although there are still obstacles to overcome. Starting from this basis, surely the year can reach a historical record in placements. For now, it confirms our ...
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