Supply restriction keeps the price of local farms in Paraguay, Argentina, Brazil, and Uruguay stable

Published 2023년 3월 16일

Tridge summary

The article reports on the recent stability and fluctuations in the prices of steers in Paraguay, Argentina, Brazil, and Uruguay. Currently, the Paraguayan steer price remains unchanged at USD 3.40 kg/carcass due to reduced market demand for vaccination services against foot-and-mouth disease and bovine brucellosis. In contrast, Argentine steer prices have dropped by eleven cents in a week, reaching USD 4.41, attributed to a $10 decrease in refrigerator offers and a weekly devaluation. Brazilian farm price increased by four cents, reaching USD 3.57. Uruguayan treasury reached USD 4.07, marking a 12 cents increase, despite a slight devaluation in the domestic price. The market remains firm, according to shippers.

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

Original content

This week there was stability in the price of the Paraguayan steer, as it remained at USD 3.40 kg/carcass. This condition is attributable to the lower market offer for vaccination work against foot-and-mouth disease and bovine brucellosis in the country, which runs until tomorrow. As for the Argentine steer, there was a drop of eleven cents in one week, since it reached USD 4.41. Valor Carne mentions that to the drop of $10 in the offers of the refrigerators, we must add the weekly devaluation that remains below 6% per month. In Brazil, the farm price added four cents in seven days (USD 3.57). This week there was an increase ...

Source: Productivacm