Argentina

August 3

Argentine Slaughter totaled 1.29 million head in July, 1% below the month prior and up 14% compared to last year.
Current slaughter continues at a firm pace.
Good quality Buenos Aires wet salted heavy steer prices are unchanged from prior weeks, quoting at about US$0.49 per kg.
Demand remains weak for footwear, automotive leather and other leather goods.

Slaughter continues at a strong pace.
Good quality Buenos Aires wet salted heavy steer prices continue unchanged from prior weeks, quoting at about US$0.49 per kg.
Demand and prices remain low for all items.
The increase in interest rates in the US and Europe adds further pressure on consumer spending.

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