Currency Slips Heading into New Year

Currency Slips Heading into New Year

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December 17

This is likely the last active week of the year with the next two very short. Slaughter is composed of few steers and heavy cows, which are in very good demand. The slaughter has been more light animals that which have less desirable hides at the moment.

Good quality Buenos Aires wet salted heavy steers continue unchanged from last week’s price of US$0.24 per kg.

Demand is moderate, being the last full week of the year. It’s reasonable to expect lower prices for the next 2 to 3 weeks due to lower demand.

December 10

November Argentine slaughter totaled 1.24 million head, in line with the strong demand and steady paced slaughter.

There was a decrease of 1% compared to October and a rise of 2%…

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