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Cattle market sees mixed week with falling steer prices
🇦🇷 Argentina /Economy & Trade

Cattle market sees mixed week with falling steer prices

From La Nación · () Spanish

Translated from Spanish, summarized and contextualized by DistantNews.

At a glance

Newswire Sources not specified Context piece
  • Cattle trading at the Cañuelas Livestock Market showed mixed results, with the general index rising but the Novillo index falling.
  • Weekly arrivals decreased by 16.6% compared to the previous week, with selective demand favoring lighter, quality lots.
  • Prices varied, with some light steers reaching 5500 pesos and cows fetching up to 4100 pesos.

The Cañuelas Livestock Market (MAG) concluded its weekly trading with a notable decrease in animal arrivals, down 16.6% from the prior week. A total of 3568 head entered the market this Friday, bringing the weekly cumulative to 15,443 animals.

Market operators exhibited selective demand, prioritizing quality lots, particularly lighter cattle. The General Index saw a modest increase of 1.61% from Wednesday, reaching 3979.786 pesos. However, the Novillo (steer) Index experienced a significant drop of 5.40%, falling to 4203.604 pesos per kilo.

Over the week, the General Index gained 6.67%, while the Novillo Index saw a slight decrease of 2.148% compared to the previous week's closing prices. Top prices for steers reached 4850 pesos for 433 kg lots, while the best cows sold for up to 4100 pesos for 547 kg. Lighter steers achieved higher values, with some lots of novillitos (light steers) reaching 5500 pesos for 323 kg and 358 kg, and heifers (vaquillonas) selling for up to 5400 pesos for 300 kg.

DistantNews Editorial

Originally published by La Nación in Spanish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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