Uruguay: Distortion in the cattle market due to strikes in the meat industry

The cattle market is going through some very unusual weeks. In addition to the distortion that is normally generated by the arrival of Christmas and New Year, there is the prolongation of the conflict between the industry and FOICA, where the surprise strikes are harming the completion of many businesses. Beyond this specific situation, Walter Hugo Abelenda, director of the office with his same name, was excited about the future, saying that “the analysts that one hears are optimistic about strong consumption for next year and lower production for different reasons.” The market recovered dynamics and Uruguay has overcome the great dependence on China with other destinations, but “since happiness is not complete, the strikes are distorting the operation, we hope that it is temporary and can be solved.” Regarding the last few weeks, Abelenda said that we had “a movie-like spring, in general in the country there was an abundance of grass and a firm demand,” both from the industry and ...