Feb 10 • 18:15 UTC 🇦🇷 Argentina Clarin (ES)

"Historic peak": cattle prices rose 50% in six months, now exceeding $5,000 per kilo, putting pressure on meat prices at the counter

Cattle prices in Argentina have surged by 50% over six months, now exceeding $5,000 per kilo, creating upward pressure on meat prices.

The Argentine beef cattle market is experiencing an unprecedented surge, with prices rising sharply due to a limited supply of animals for trade. Recently, at the Cañuelas Livestock Market, lightweight calves were sold for over $5,000 per kilo, marking a significant milestone in the current price trend, which appears to be on an unrelenting upward trajectory. This trend is expected to continue in the coming months as demand remains high and supply low.

The average reference prices for the lightweight calf category, popular among consumers, have also displayed a significant increase. Today's average price stands at $4,637 per kilo, reflecting an increase of over 11% since mid-January when it was $4,160. Compared to last September's pricing of $3,100, the rise is even more pronounced, underscoring the pressures exerted by the current market conditions.

This situation not only affects cattle farmers but also has significant implications for consumers at the meat counter. As prices for cattle continue to rise, the subsequent impact on retail meat prices is a growing concern, potentially leading to higher costs for consumers. The ongoing market dynamics pose challenges for the beef industry in Argentina, which must navigate these price pressures while also meeting consumer demand in a competitive environment.

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