Mercosur Steer Index climbs again

The WBR Mercosur Steer Index rose by 6 cents last week, reaching US$ 3.89 per kg carcass. The highlight was Brazil, where the average price for finished males in exporting states rose by 15 cents to US$ 3.55 per kg carcass, returning to early May levels. The appreciation in local cattle prices (+3%) and a 1.5% depreciation of the US dollar against the real contributed to the rebound.

Uruguay also extended its upward streak, with top export steers reaching US$ 4.95 per kg carcass on average (+7 cents).

In Argentina, raw material prices edged up slightly (+2 cents), with top-quality EU-destined steers at US$ 4.54 per kg carcass.

Paraguay was the only outlier, with steer prices dropping sharply by 30 cents to US$ 3.50 per kg carcass.