Argentina

April 11, 2024

In March, Slaughter totaled 1.05 million head, which was up1% from February but down 19% year on year.
Currently, rawhide supply is stable to last week, especially at frigorificos working for export. Frigorificos supplying for domestic consumption have seen a reduction. Green raw hides prices are quoting with a downward trend of about Arg$10~15/kg.
Good quality Buenos Aires wet salted heavy steers were unchanged from last week at about US$0.65/kg.
Reduced production volume at tanneries due to low competition has pressured hide prices downward.
Demand from Asia is unchanged from last week, but demand from Europe remains weak.

Due to the observance of Easter last week, plus the memorial of the Malvinas war this week, there were no trades…