Mar 20 • 18:40 UTC 🇦🇷 Argentina La Nacion (ES)

Cattle: Closing the week down at the Cañuelas Livestock Market

This week, the Cañuelas Livestock Market closed with a decline in activity due to reduced animal intake and selective demand.

The Cañuelas Livestock Market (MAG) concluded the week with an intake of 8,577 animals, contributing to a total of 18,711 for the week, which reflects a 12.5% decrease compared to the previous week’s 21,385 animals. The selective nature of the sales illustrated that buyers were primarily interested in high-quality lots, indicating variability in market demand.

The General Index showed a significant decrease of 5.92% since Wednesday, falling from 4,027.410 to 3,788.929 pesos, while the Steer Index exhibited a minimal decline of 0.16%, dropping from 4,460.5 to 4,453.132 pesos per kilo. Despite these declines, the weekly report shows an increase in both indices compared to the last week, marking a 5.68% rise in the General Index and a 0.68% rise in the Steer Index from 3,585.11 and 4,422.943 pesos, respectively.

Overall, the week reflected mixed results, indicating potential fluctuations in market stability and buyer priorities. The notable price for steers was reported at $4,800 for 813 heads, representing 9.49% of the total sold, which highlights the competitive pricing dynamics focused on quality cattle in the ongoing market conditions.

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