Argentina
March 28, 2024
The market remains stable.
Large export beef processing plants continue running their operations at full capacity whereas beef processing plants for domestic consumption have reduced their operations by between ten and 20 percent.
Argentine beef exports totaled 81,700 tons of carcass equivalent (tec) in February, achieving a five percent month-on-month increase and 17 percent year-on-year increase.
The beef export figures have been corrected after removing waste bones which were improperly added to calculations since July 2019. The percent comparisons also include the correction.
Good quality Buenos Aires wet salted heavy steers prices were unchanged from the prior week, at about US$0.65/kg.
Domestic beef consumption has lowered.
…
09.06.2024
Signs of US economic downturn send ULSD prices to 3-year low
Shifting economic conditions are raising the possibility of a US recession. The US Bureau of Labor Statistics (BLS) released the jobs report on Friday September 6, which showed that...
09.06.2024
US fat market slides on pressure from soybean oil, energy complex
Used cooking oil (UCO), distillers’ corn oil (DCO) and yellow grease all traded lower on Friday September 6 due to pressure from the sinking heating oil and soybean oil...
09.06.2024
Sluggish trade volume keeps weekly animal protein prices flat
US animal protein prices were steady on Friday September 6, with market participants indicating light traded volumes for products.
Weekly wrap-up
Prices for US animal proteins were little...