Mercosur steer index posts slight drop

The WBR Mercosur Steer Index edged down 2 cents last week to US$ 3.83 per kg carcass. One key change in regional cattle markets was Brazil’s end of its recent downward trend. The average for exporting states gained 1 cent to US$ 3.40 per kg carcass after four weekly drops totaling 20 cents. The fat male @ price rose 0.4% to R$ 288, while the real appreciated 0.3% against the dollar.