Slaughter cattle prices remain stable

After a sharp downward correction in early June, slaughter cattle prices in Paraguay completed a month of stability. Market sources reported prices of US$ 3.50 per kg for regular finished males and US$ 3.20 for fat cows. Bookings remain short, averaging about one week.

A sharp drop in temperatures has led to increased supply, according to one packer, who also noted that the exchange rate against the U.S. dollar has dropped significantly—down 4% over the past month.