Before that, and throughout 2017, the costliest steer was the Argentinian.
The average price for finished steer in the Mercosur countries is down again this week. The WBR Mercosur Steer Index we nt
down US$ 4 cents to US$ 2.83 kg cw. Since February, the index has lost US$ 20 cents, or 6.6%.
This week the biggest price loss was in Paraguay. An improvement in the weather conditions has made place for normal cattle
transactions and that has eased quotes, together with the Brazilian supply to the Chilean market, that generates strong
Meanwhile in Uruguay, prices show the upward pressure as the market is dominated by the scarcity of cattle, particularly quality
In Argentina the export-steer value has remained unvaried in the last several weeks. The dollar strength diminished the price
when expressed in the US currency by US$ 4 cents last week.
The Brazilian market remains weak. Supply is higher than dem and and this has led the finished cattle price to drop a 1.2% in
average in the week to R$/@ 133.7 in the main exporting states. When expressed in US dollars, the loss is proportionally
smaller, with a reference of US$ 2.57 kg cw, down US$ 2 cents in the week.