New

Transform your trade strategies with Market Brief, Tridge’s AI-powered market insights.

The Mercosur bull continues to rise with a 30% growth so far this semester

Frozen Bone-In Beef

Meat

Argentina

Price

Brazil

Published Nov 14, 2024

Tridge summary

The average value of slaughtered cattle in Mercosur countries continues to rise, with the Mercosur Faxcarne Index of the Steer increasing by 5 cents to US$ 3.76 per kilo carcass, a 30% increase since the second semester. Brazil is leading the trend, with fatted boi in the main exporting states rising to US$ 3.64 per kilo carcass, a 51% increase since mid-year. In Argentina, the price of export steer saw a slight decrease, dropping to US$ 4.05 per kilo carcass in Argentine pesos. Meanwhile, prices in Uruguay and Paraguay are also increasing.

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

Original content

Faxcarne | The average value of slaughtered cattle in Mercosur countries maintains an unchanged upward trend. The Mercosur Faxcarne Index of the Steer rose 5 cents in the week to US$ 3.76 per kilo carcass, accumulating a value increase of 30% since the beginning of the second semester. Brazil continues to lead the upward trend. Fatted boi in the main exporting states rose 9 cents in the week to US$ 3.64 per kilo carcass and has accumulated an increase in dollars of 51% since mid-year. In Argentina, the price of export steer suffered a slight drop in the week in Argentine pesos ...

Source: Elagro