Record First Quarter Exports Followed By Liveweight Slump15 May 2013
PARAGUAY – Government and livestock auction reports show the disparity in fortunes between record beef export trade and liveweight markets going into summer with a slump of 34 per cent.
Market reports from El Rodeo, Ferusa, El Coral and Codega livestock auctions have revealed cattle prices to be at the lowest point since the Foot and Mouth Disease outbreak in 2011, reports ABC Color.
The extent of the price fall saw average steer prices plummet last week from 8,602 Guarani/kg to 5,771. Bulls were down 33 per cent, selling at 5,271 g/kg.
Auction price crashes coincide with National Service of Animal Health and Quality (SENACSA) reports that 2013 first quarter beef exports have broken records.
More than 65,000 tonnes of meat worth $337 billion was shipped from January to April. According to ACB Color, Russia and Brazil are the primary destinations, although opportunities are emerging elsewhere.
"We have opened up new markets although had difficulty in entering agreements with Chilean authorities to export there,” said Dr Hugo Idoyaga, SENACSA President. “But regardless of that, we are attracting foreign interest with our product.”
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