World Beef Report’s (WBR) Mercosur Steer Index closed virtually unchanged over the past week. The regional reference stood at US$/kg 4.93 carcass, just one cent below the previous week.
In Brazil, the market with the largest weighting in the index, finished male prices posted a slight increase in local currency across most exporting states. The average reached US$/kg 4.42 carcass (+1 cent), while the exchange rate showed only marginal movement.
Argentina provided the negative note of the week. Following a 2% increase in the value of the US dollar against the Argentine peso, the special export steer fell 12 cents to US$/kg 5.98 carcass, including the 5% export tax. It was the first time since early February that export steer values fell below US$/kg 6.00 carcass.
In Uruguay, the market tended to stabilize during the week, with special export steers trading around US$/kg 5.70 carcass.
Meanwhile, Paraguay’s upward trend continued. Slaughter-ready males gained another five cents and reached US$/kg 4.95 carcass.
