In fact, After Sunday’s ballot, different beef cuts showed strong increases. According to a survey carried out by this medium, In a major supermarket, increases of around 15% were recorded this Wednesday. And, towards the near future, the trend is also upward. This will be particularly observed in December, a month with growth in demand due to seasonal issues. But the increases, they point out, respond to various factors.
“For the coming months what can be expected is an increase in the price of meatfor several reasons: first, because the Government increased the value of the dollar for exports, which will result in an increase in export steers,” he told Ambit Miguel Sciariti, director of the Chamber of Meat Industry and Commerce (CICCRA).
“Besides, It is assumed that the supply of steers will continue to fall and we will also still see the effects of the post-devaluation Government measures to sustain consumption. And December is a month where the demand for meat increases. So It is expected that prices in general will go up”, he remarked.
From the sector they highlight that the high slaughter of females as a result of the drought will translate into lower future production of calves: given this possible reduction in supply, pressure on consumer prices increases. In October, according to CICCRA data, the slaughter of females was 20.3% higher than that registered in the same month of 2022.
In this context, in recent days the prices of standing property in the Cañuelas market registered strong increases: In the case of the steer, for example, an increase of 25% was observed compared to last Fridayaccording to the specialized site Bichos de Campo.
Regarding the prices paid by the consumer, In recent months, meat “recovered” and in October it was above general inflation in the interannual variation. The average price of beef cuts measured by the INDEC rose 6.3% last month, below the 8.6% in the general CPI inflation for the GBA, but 13.7% higher if measured against October 2022.
Meat: production, exports and domestic consumption
As highlighted in the latest CICCRA report, between January-October of this year, Beef production had a growth of 6.2% measured in ton of beef with bonecompared to the same period in 2022. “The greater number of heads sent to slaughter, as a result of the lack of water and food generated by the extraordinary drought in the last year, more than compensated for the (consequent) retraction of the average hook weight” , the study was explained.
Meanwhile, in the same period, Exports grew by 4.8%. “Therefore, in the first ten months of 2023, The apparent consumption of beef in our country would have risen 6.7% above that recorded in January-October of last year”the report concluded.
Source: Ambito
