“Losses on cows range from US$ 10,000 to 15,000 per container”

The situation for packers is complicated not only because of the scarcity and high price of steers but also by China’s reluctance to buy — in some cases not even submitting bids. “On cows, losses range from US$ 10,000 to 15,000 per container,” said Germán Manzano, an operator with extensive experience in the sector. A major national meat group described the prices being offered from China as “ridiculous.”