Argentina

November 2

September Argentine beef exports totaled 69,000 tons TEC, which is about 25,000 ton below volumes in July and August.
Slaughter continues to decline. Producers prefer to hold onto their live animals during the complicated economic environment.
Prices remain relatively unchanged with the exception of a few deals closing a few cents higher.
Good quality Buenos Aires wet salted heavy steer prices remain quoting at about US$0.69 per kg.
The demand for semi-finished products is stable, but at historically depressed levels.
There are many challenges with the imports of inputs, spare parts, and chemical products.
The outlook is complicated for tanneries due to upcoming economic measures.

Slaughter continues to decline. Many beef…