Beef Industry Sees Fat Cattle Prices Recover11 September 2013
CHILE – Cattle prices recovered in July to bridge the gap between last year’s values, a ministry report has revealed.
Fat calf prices showed a fall of 5.1 per cent on the first seven months but were up 5.5 per cent in July, breaking the $1000 barrier.
Bull prices averaged $2,229 through the first seven months, a fall of 4.4 per cent on the same period last year.
This is according to figures from the Ministry of Agriculture which reports an upturn in beef output this summer.
Steers slaughter was up 7.2 per cent and weights were four kilos higher resulting in a two per cent increase in beef production for the month.
TheCattleSite News Desk