The livestock market in Cañuelas, Argentina, has shown a strong upward trend, resulting in significant price increases for livestock, which are expected to impact consumer meat prices.
The livestock market in Cañuelas has demonstrated resilience and upward movement in recent trading sessions, solidifying a bullish trend that is directly affecting consumer meat prices. This increase is attributed to a decrease in animal supply alongside sustained demand, driving prices higher than inflation rates and prompting adjustments in various meat cuts for consumers.
Currently, the average price for 'novillito' (young cattle) has reached ARS 4,818.36 per kilogram, with certain lots hitting peaks of ARS 5,500. Just a week earlier, the average price was ARS 4,770.23, reflecting a slight increase of 1.01% over the current averages. Moreover, comparing today's prices to the beginning of February reveals a more pronounced increase of 6.81%, as the average was only ARS 4,511.00 per kilogram at the start of the month.
The upward pricing trend is even more pronounced for 'vaquillonas' (heifers), where the average price now stands at ARS 4,972.74 per kilogram, with some reaching ARS 5,550. This represents a 6.46% increase from the previous week's average of ARS 4,671.06. The overall tight market dynamics are raising concerns about future meat prices for consumers as livestock costs continue their upward trajectory.
