Paraguay: Less farm purchases and work delays influenced the drop in steer prices

Published 2023년 5월 11일

Tridge summary

The article reports a decrease in the price of steer in various South American countries, specifically in Paraguay, Argentina, Brazil, and Uruguay, with Paraguay experiencing the least decrease. The reasons for the decrease include holidays and delays in loading stocks, leading to low buying pressure, and an accelerated devaluation in Argentina. Despite a revaluation of the exchange rate, the Brazilian farm still saw a decrease in the domestic price. The consignees have noted stability in the market, with the Uruguayan steer experiencing the smallest loss.

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

Original content

Compared to the last week, the price of the Paraguayan steer registered a decrease of 10 cents, thus remaining at USD 3.40. The consultant points out that the delays in work due to holidays and delays in loading stocks that generated low buying pressure were the main reasons for this week-on-week decline. For its part, Argentina led the decline in dollars due to the acceleration of devaluation. The steer traded at USD 4.04, after a reduction of 11 cents, compared to last week. The Brazilian farm closes this week with USD 3.61 kg/carcass, a week-on-week drop of nine cents. The fall in the domestic price was barely offset by a revaluation of four cents in the exchange rate, indicated Valor Carne. ...

Source: Productivacm