The value of live cattle increased up to 30% in the last week and according to livestock specialists, if the upward trend continues, the transfer to farm prices would be imminent. meat on the counters of butcher shops and supermarkets throughout the country, with increases of up to $400 per kilo.
According to the Institute for the Promotion of Beef (IPCVA), the average price of the meat increased by 42%, while inflation in food reached 94% in 2022, with which the standing farm reflected a loss of 40% of its real value.
Sector specialists believe that the delay in the prices of the meat regarding inflation is explained in the “drought effect”, since the producers needed to remove their animals from their fields and an oversupply was generated in markets and fairs throughout the country.
But it also had an impact on prices in the local market, the restrictions imposed by China on the entry of products, given the outbreaks of Covid-19, which weakened the demand in the foreign market. Since May there has been a “persistent downward trend” in prices to the main export destinations, warned the Consortium of Argentine meat exporters.
The 15% increase in the prices of the Hilton Quota that is sent to Europe, projects a range close to 12,000 dollars per ton in the short term, so exporters began to intensify demand pushing prices up.
