The Cañuelas Agro-Livestock Market reported a significant weekly trade with young cattle prices reaching $5700, showcasing a selective demand based on quality.
The weekly trading session at the Cañuelas Agro-Livestock Market concluded with a total of 6,891 animals entering the market via 203 trucks, marking a total of 21,860 heads of livestock traded throughout the week. The market indicated a strong selective demand, wherein higher-quality lots of cattle sold for over $5500, while heavier or lower-quality livestock saw notably lower prices. This reflects the importance of quality in the current livestock sector's pricing dynamics.
The General Index closed at $3802.45 with the specific Novillo Index at $4497.16 per kilogram. A suggested rental value for the livestock was calculated at $4556.32. On this trading day, the average price recorded was $3817.1 per kilogram with the highest current price reaching $5700, particularly concentrated on lighter categories of livestock. This underscores a favorable market condition for lighter cattle amid fluctuating demands based on livestock classifications.
In summary, the trading outcomes from Cañuelas indicate a strong market with variations in pricing heavily influenced by the quality of the cattle being sold. The robust figures highlight not only the economic relevance of livestock trade in the region but also the necessity for producers to focus on improving quality to maximize returns. This data serves as a crucial indicator for both consumers and agricultural stakeholders in Argentina's livestock sector.
