The Cañuelas Livestock Market closed the week with active demand and competitive purchasing for various categories of cattle, despite a slight decline in total animal entries compared to the previous week.
This week's operation at the Cañuelas Livestock Market concluded positively, with the entry of 4,651 animals contributing to a total of 19,371 for the week. This figure represents a 3.53% decrease from the 20,079 animals that entered the market the previous week. Despite the lower entry numbers, strong demand characterized the sales, with buyers competing vigorously for all categories and classifications available.
The overall price indicators for livestock showed notable changes throughout the week. The General Index rose by 5.77% from Wednesday to Friday, moving from 3,648.718 to 3,859.130 pesos. In contrast, the Cattle Index experienced a smaller increase of 2.80%, climbing from 4,361.253 to 4,483.605 pesos per kilogram. While there was a weekly loss of 1.86% in the General Index, the Cattle Index registered a gain of 1.65% compared to the previous week’s values of 3,932.388 and 4,410.602 pesos respectively, signaling a positive trend for cattle prices.
Within the total sales, bulls accounted for 13.94% with significant sales records such as 4,870 pesos for a 696 kg bull. This is indicative of the competitive market dynamics where despite a slightly reduced number of animals, the remaining stock met with enthusiasm from buyers, pointing towards a recoverable bullish sentiment in the agro-livestock sector of Argentina, particularly in times of fluctuating supply.
