In August, the average price of a live kilo marketed in the Cañuelas market was 53.4% above the average for July and in the interannual comparison it registered an increase of 125%.
In August the jump of the exchange rate arranged by him Ministry of Economy caused an acceleration of the rhythm of the prices internal, among them the value of the farm standing, generating a strong impact in gondola.
As indicated by the Chamber of Industry and Commerce of Meat and Derivatives (CICCRA), In the days after the adjustment of the official exchange rate, the increase in the price of farms reached 80.8% with respect to the closing of the previous month (which, due to the dollar corn had already registered a jump of 16.8% in relation to June), but in the last week of August a slight correction of 7.9% was observed, which moderated the magnitude of the monthly adjustment.
Thus, in August the average price of live kilo sold in the Cañuelas market was 53.4% above the average for July and in the interannual comparison it registered an increase of 125%.
In August 2023 the average value of the live kilo in the Canuelas market amounted to $613.1. In relation to July, the rise of 53.4% was explained by a general increase in the price of all categories, led by cows and bulls. These two categories exhibited increases of 59.8% and 67.3%, respectively.
meat workers.webp
In the year-on-year comparison (August 2023 vs. August 2022), the average price of the ranch rose 125.0%. It should be noted that in the last twelve months it was the younger categories that showed the price adjustments more important.
Meat: what is the link of the price increase with the blue dollar
According to the Chamber, the strong adjustment of the farm price standing he made himself also climb on official dollars and free dollars. Let us take into account that the monthly increase of 53.4% in the average price of the animals traded in Cañuelas was combined with increases of 21.3% in the official exchange rate in pesos and 30.0% in the case of the free dollar. Consequently, the average price of the animal reached 1.896 official dollars per live kilo (+26.4% monthly) and 0.893 free dollars per live kilo (+18.0%). With these adjustments, in the last twelve months the price in dollars of the standing treasury reduced its fall to only 6.0% (in official dollars) and 5.1% (in free dollars).
Source: Ambito
