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Cattle Prices Fall Amidst Quiet Demand at Cañuelas Market
🇦🇷 Argentina /Economy & Trade

Cattle Prices Fall Amidst Quiet Demand at Cañuelas Market

From La Nación · () Spanish

Translated from Spanish, summarized and contextualized by DistantNews.

At a glance

News Sources not specified Outcome reported
  • Cattle trading at the Cañuelas Livestock Market saw a quiet demand and falling prices across most categories.
  • The General Index dropped nearly 8%, and the Novillo Index fell almost 4% compared to the previous day.
  • A total of 5,460 cattle entered the market, with prices for prime steers reaching up to $4,650 per kilogram.

Cattle trading at the Cañuelas Livestock Market experienced subdued demand and declining prices on Wednesday, despite a reduced supply of 5,460 head. Operators reported little competition from buyers, leading to price drops in nearly all categories and classifications compared to the previous trading session.

The General Index saw a significant decrease of 7.96%, falling from $3970.575 to $3654.518. Similarly, the Novillo Index, representing prime steers, lost 3.92%, dropping from $4383.697 to $4211.634.

Despite the overall downward trend, some prime steers fetched prices up to $4,650 per kilogram for lots weighing 520 and 545 kg. The best prices for lighter lots included novillitos at $5,400 for 329 kg and vaquillonas at $5,300 for 297 kg.

The sale details show a breakdown of 751 steers, 757 novillitos, 1,186 vaquillonas, 2,128 cows, 464 conservas, and 162 bulls. The average weight for the cattle traded was 444 kilograms.

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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