Due to mad cow disease, steer price fell 35 cents in Paraguay

In the last seven days, Paraguay suffered the largest reduction in the price of the steer in the region, reaching USD 3.30 after falling 35 cents, as a result of the case of mad cow confirmed on February 22 in a male animal of nine years inside a small property in the municipality of Marabá, state of Pará, Brazil. This health situation generated the self-exclusion of Brazil from the Chinese meat market. According to the Valor Carne report, there is a rumor of speculation from the neighboring country to the markets served by Paraguay for beef exports, which exacerbated the attitude taken by Paraguayan export plants. In Brazil, the price of the steer remained at USD 3.58, after a drop of 29 cents, compared to last week. Although the exchange market is stable, the decline was entirely caused by the suspension of Brazilian meat exports to China due to the confirmed case of mad cow. Argentina fell three cents for exchange reasons, since it reached USD 4.63. The $11 ...