Sharp downward correction in finished cattle prices

Cattle prices saw a marked correction last week. According to market sources, very few plants were purchasing raw material at the start of this week. Slaughter steers dropped 30 cents, with the latest deals at US$ 3.80 per kg carcass, while cows traded at US$ 3.40–3.45 per kg.

On Tuesday, the industry issued new price lists with further reductions. “A contraction in slaughter is likely,” one source commented.