Paraguay: Mercosur steer price was US$ 3.29 per kilo carcass

Published 2022년 11월 17일

Tridge summary

The cattle market in the region remained firm but the average value dropped due to the weakness of the Brazilian exchange rate, influenced by the delay in defining the Lula government's economic team. The Mercosur Steer Faxmeat Index lost 2 cents, reaching US$ 3.29 per kilo carcass. In Brazil, the fat boi in the main export markets also fell, by 9 cents to US$ 3.15 per kilo carcass. Prices in Argentina, Uruguay, and Paraguay also saw some changes, with arguments for and against the article implying a slight increase in prices, but the overall trend was a decrease in value due to the exchange rate fluctuation.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The cattle market for slaughter in the region was firm this week, but the weakness of the exchange rate in Brazil, influenced by the nervousness generated by the delay in the definition of the economic team for the Lula government, which will take office on the 1st of January, pushed the average value downward. The Mercosur Steer Faxmeat Index lost 2 cents in the week to US$ 3.29 per kilo carcass. In Brazil, the slight rise in prices in reais was reversed by the 3.4% drop in the exchange rate. The fat boi in the main export markets fell 9 cents to US$ 3.15 per kilo carcass. In Argentina, the prices of the export steer rose Ar$ 5, but lost 2 cents in dollars to US$ 3.58. In Uruguay, the special steer earned 10 cents in the week at US$ 3.50, ...
Source: Elagro

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