Argentina: The cattle market conditions are showing signs of a repeat of the loss of stock in 2008

Published 2023년 1월 9일

Tridge summary

Dardo Chiesa, the Coordinator of the Meat Table, has expressed concern over the critical financial situation of cattle ranchers due to losses of up to $100 per kilo caused by factors such as the exchange delay policy, consumption restrictions, drought, and oversupply of finance. He warns of potential catastrophic consequences for the industry, similar to the 2008 crisis when over 10 million head of cattle were lost. Chiesa is advocating for a delay in the return to commercial meat cutting, believing that the current economic climate is not conducive to increasing costs for producers or consumers. He emphasizes the need for strategic planning and the resolution of ongoing issues to prevent further financial strain within the industry.

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Original content

Dardo Chiesa, Coordinator of the Meat Table, told Chacra 360 Continental that the cattle ranch is in a bankruptcy situation that causes many producers to go out of business. "For those of us who are older and lived through the tragedy of gate 12 on the River Plate stadium, which left so many dead, we know that we are at that gate because of the exchange delay policy, the restrictions, the lack of consumption and the drought is causing this situation " "Today the producer is losing $100 per kilo. That means that an animal weighing 300 kilos is 30,000 pesos and the drought is so great that there is no grass anywhere" Chiesa stressed that the situation is an explosive soup and that he hopes that what happened in 2008, when more than 10 million head of cattle were lost, will not be repeated. "I hope not, but the conditions are given." Regarding the recovery of the price of meat, he maintained that it is below inflation and that the producer is putting his back on it, but it would seem ...

Source: Chacra Magazine