Type Steer recorded slight increase in April

The value generated from the sale of all products from a Type Steer 2.0 (a British breed or crossbred animal, weighing 520 kilos live and yielding 54%) in April after industrial processing was US$ 1,675 per head, marking a slight 0.3% increase compared to March (US$ 4), according to INAC. The indicator has accumulated an 11% increase since the upward trend began in September 2024.

Within the indicator, performance varied between its two main components. Cattle prices continued to rise, while the industrial value added (IVA) declined. The price of the raw material — the steer — reached US$ 1,289 per head in April, up 1.5%; while the industrial value added stood at US$ 386, down 3.7%. The share of each component was 77% for cattle and 23% for industrial value added.

INAC technicians commented that the indicator “remained relatively stable due to the performance of the export basket value, the increase in carcass prices in the domestic market, as well as of offal and by-products.”

Comparing April data to the same month last year, the average value of the Type Steer rose 16.2%. Meanwhile, the two main components of the indicator show a 22.9% increase in the value of cattle and a 1.8% drop in industrial value added. In April last year, the indicator stood at US$ 1,442 per head, with cattle valued at US$ 1,049 per head and the IVA at US$ 393.