Mar 11 • 21:01 UTC 🇦🇷 Argentina La Nacion (ES)

Cattle: calm demand and declining prices in the Cañuelas Agro-Livestock Market

The Agro-Livestock Market in Cañuelas experienced a drop in prices and low competition despite the entry of 6,542 cattle.

The Agro-Livestock Market (MAG) in Cañuelas saw the entry of 6,542 cattle, arriving in 200 transport trucks. Even with a reduced entry of animals, the sales demonstrated low competition among buyers, leading to a decline in prices across almost all categories compared to the previous trading session. The market's General Index fell by 9.46%, dropping from $3,895.747 to $3,527.037, and the Cattle Index decreased by 3.34%, moving from $4,528.426 to $4,377.213.

Buyers paid $4,900 for selected steers weighing around 451 kg, with other weight classes also recording lower prices. For example, $4,800 was paid for steers weighing between 462 kg and 504 kg, while the best cows fetch prices around $4,500 for those weighing 431 kg. This decline in cattle prices may reflect broader trends in agricultural markets or possibly seasonal changes affecting supply and demand dynamics.

Overall, the data indicates a significant shift in the market's pricing structure, suggesting buyers are increasingly cautious and perhaps facing financial pressures that prevent them from purchasing at previous price levels. The sector will need to monitor these trends closely as they could impact future market stability and decisions for both buyers and sellers in the livestock industry.

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