Cattle prices firm at Argentina's Cañuelas market despite lower intake

The Mercado Agroganadero (MAG) of Cañuelas closed the week with a notable decrease in animal intake, receiving 5,889 animals, a 24.86% drop from the previous week's 21,081. Despite the reduced volume, the market demonstrated sustained demand, with buyers actively competing for lots of outstanding quality and finish. The General Index saw a slight increase of 0.70% from Wednesday, reaching 3680.248 pesos, while the Novillo Index rose by 2.40% to 4312.851 pesos per kilogram. Over the entire week, the General Index experienced a minor loss of 0.26%, but the Novillo Index gained 1.09% compared to the prior week. High prices were recorded for prime cattle, with novillos reaching up to $4800 for 452 kg lots. The best prices for lighter lots included novillitos at $5300 for 356 kg and vaquillonas at $5300 for 304 kg. The overall average weight for animals processed was 451 kilograms.