South American Cattle Prices Higher22 February 2013
SOUTH AMERICA - The strength of regional prices kept Mercosur steer prices firm last week, averaging 3.40 US$/kg cwt, report market analysts at Meat and Livestock Australia.
In Brazil, cattle prices have been stable, with short numbers to slaughter and the carnival holidays slightly increasing steer prices in all main markets. In SP state steer prices averaged 3.33 US$/kg cwt last week.
Typical for this time of the year in Argentina is a cattle shortage, which left meatpackers with little stock, consequently pushing steer prices higher last week, to average 3.66 US$/kg.
Firm demand in Uruguay assisted in buoying cattle prices, with steers averaging 3.81 US$/kg cwt. It is expected a growing number of cattle will be offered for slaughter in the following weeks, as some areas in Uruguay are becoming increasingly dry.
Interestingly, the sheepmeat market also remained firm last week, despite higher slaughter volumes, with lambs averaging 3.30 US$/kg cwt for light carcass’ last week.TheCattleSite News Desk