Lower supply continues to drive the price of steers in Paraguay

Published Mar 23, 2023

Tridge summary

The article reports on the recent trends in beef prices across South America, focusing on Paraguay, Brazil, Uruguay, and Argentina. In the past week, Paraguay has seen a notable increase in the price of steer by 10 cents, reaching USD 3.50 due to supply constraints and local market dynamics. Conversely, Brazil experienced a slight decrease in steer price by one cent, attributed to a minor uptick in the reais value and devaluation. Uruguay's steer price rose by five cents, now at USD 4.12, indicating improved demand. Argentina's steer price fell by six cents due to peso devaluation, but it continues to offer the highest price in the region at USD 4.36.

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

Original content

Compared to the previous week, an increase of 10 cents was observed in the price of the Paraguayan steer, since it reached USD 3.50. The restriction of the supply and the work in the local market motivated the rebound of the values in Paraguay. In one week, Brazil cut the price of the steer by one cent (USD 3.56), as a result of the small increase in reais due to the devaluation, going from 5.21 to 5.24 per dollar. For its part, Uruguay reached USD 4.12, an interweekly increase of five cents, compared to the previous week. The consignees consider that the demand is currently better supplied. As for Argentina, the farm lost six cents on the ...

Source: Productivacm