The fat cattle market reacted with rising prices

After four weeks in which the industry held firm at a purchase price of US$ 3.50 per kilo for standard steers — a level at which very few deals were closed due to producers' reluctance to accept that value — a significant upward correction has taken place in recent days. Official price lists have generally moved up to US$ 3.70 per kilo, but many deals are closed at US$ 3.80 or even a few cents more, according to a market operator consulted by WBR. For finished cows, trading is taking place at US$ 3.40–3.50. Price references in Paraguay are always quoted on a carcass weight basis, plant-delivered.