Strong rise in Argentina impacted the Mercosur steer

Published 2023년 2월 1일

Tridge summary

The average value of steers in Mercosur countries has increased due to the strong appreciation of Argentine prices, with the Mercosur Steer Index rising to US$3.49 per kilo carcass, its highest since early October. The lack of supply of finished animals in Argentina has caused the price of the export steer to rise, trading at US$4.05 per kilo carcass. The appreciation of the Brazilian real has also contributed to a rise in steer prices in Brazil, now at US$3.29 per kilo carcass. A reduction in supply has also increased the price of males for slaughter in Paraguay, trading at US$3.42, and the special steer for export in Uruguay remains stable at US$3.50.

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

Original content

Faxmeat | The average value of the steer in the Mercosur countries jumped this week thanks to the strong appreciation of Argentine prices. The Mercosur Steer Index rose 10 cents to US$3.49 per kilo carcass, the highest value since early October. The lack of supply of finished animals in Argentina caused the price of the export steer to rise 42 cents to US$ 4.05 per kilo carcass. In Brazil, the appreciation of the real offset the moderate drop in the price of the fat boi in the local currency, determining a rise of 1 cent in the week to US$ 3.29. The reduction in ...

Source: Elagro