They assure that the producers are in the mood to speculate with the low supply and are waiting for the auctions this week.
The livestock market is marked by a increased demand that does not accompany the supply and with a more stable international market due to the slowdown in the drop in prices in China, while producers are at the Waiting for this week’s auctions.
According to Livestock Consignee Association (ACG) prices had a firm increase in a “dynamic but uneven” market in relation to the greater amount of demand than supply. In this sense, the price of steer average reached $3.65 per kilo carcass, with a weekly increase of 13 cents. The cowfor his part, quoted $3.30 and the heifer $3.55 per kilo carcass.
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Livestock Shippers Association (ACG)
As for the fat steer, it reaches prices between 3.60 and 3.70 dollars per kilo in fourth scale and, in some cases, reaching up to 3.80 dollars. In the case of the fat cow, she can be worth up to $3.40 starting from a base of $3.20. The heifers, for their part, have values between 3.45 and 3.50 dollars.
In this sense, Alejandro Zugarramurdi, from Alejandro Zugarramurdi Negocios Rurales, explained to Conexión Agropecuaria that buyers are calling, something that had not happened for a long time. However, the ruralista established that the supply was scarce, which would allow producers to speculate. “Supply is extremely scarce and producers who are with something soon are in the mood to speculate”he explained.
It is because of this context that there was a sharp drop in the task. In this sense, expectations are placed on the fee 481 of August where corral heads will also participate. However, Zugarramurdi established that he would not have much of an impact. “The offer is very little, I don’t think the prices will go up either.. I rather see very cautious proposals from the industry, ”he established.
While at the national level the market is waiting for the auctions of Plaza Rural – which will take place between Tuesday and Wednesday – and of Screen Uruguay which will be next Thursday, in the international market there seem to be no signs of recovery of the values, although there are slowed down the price decline in China.
Source: Ambito
