Mercosur steer falls below US$ 4 due to Brazil

The WBR Mercosur Steer Index fell by 10 cents last week, closing at US$ 3.90 per kg carcass — its lowest in five weeks. The main drop came from Brazil, where the average in exporting states fell to US$ 3.42 per kg carcass (-12 cents) due to a lower fat male price and a depreciation of the real.

Live cattle prices for export also declined in Argentina and Paraguay. Uruguay was the only market in the region to continue on a bullish trend, with top steers quoted around US$ 4.70–4.80 per kg.