Argentina
February 1
Slaughter volumes remain stable to the weeks prior.
Good quality Buenos Aires wet salted heavy steers are quoting downwards at about US$0.55 per kg.
Demand is weak while Chinese tanners remain inactive due to Chinese Lunar New Year (CLNY).
January 25
Market outlook is uncertain due to a lack of clarity surrounding the new economic rules with the new government. This week, the government sent hundreds of new economic rules to Parliament. Parliament began discussing the new rules on Wednesday 24th. This provoked a half a day strike, which among other issues, affected the slaughter.
Midweek, the US Dollar currency devalued against the Brazilian Real but has since returned to exchange rate levels from the start of the week.
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