The price of the Mercosur steer increased 6 cents during the week

Published 2022년 12월 1일

Tridge summary

The Mercosur Steer Index reported a slight increase, with the average value of steer in Brazil seeing a notable rise of 11 cents, reaching US$ 3.25 per kilo carcass due to an uptick in local prices and a slight appreciation in the exchange rate. While prices for steer also increased in Paraguay and stabilized in Uruguay, Argentina experienced a slight decrease in the average value of export steer due to a devaluation in the exchange rate, despite an increase in local prices.

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Original content

Faxmeat | The average value of the steer in Mercosur left behind the narrow band in which it had moved in the previous five weeks. The Mercosur Steer Index rose 6 cents to US$ 3.37 per kilo carcass, mainly driven by the improvement in Brazilian prices. The average value of boi gordo in the main exporting states of Brazil rose 11 cents in the week to US$ 3.25 per kilo carcass, driven by a rise in prices in reais that was boosted by the appreciation of 1.5% of the exchange rate. In Paraguay, prices also increased, with males for slaughter rising 10 cents to US$3.30. In Argentina, the rise in the prices of the export steer in Argentine pesos was not enough to ...

Source: Elagro