Despite the improvement in industrial sales margins, meatpackers resist offering better prices for the arroba.
On the other hand, some livestock farmers are holding back their cattle, waiting for higher prices. This fight between industry and livestock farmers has been keeping the market moving sideways for some time in most of the regions surveyed by Scot Consultoria.
However, the supply of finished animals is restricted and has left little room for devaluations.
In the wholesale bone-in meat market, lean stocks and improved meat flow allowed for a positive adjustment in prices. Valuations are not ruled out.
For the short and medium term, the perspective is that the restricted supply of cattle and the lean stocks of meat on the market will contribute to firm prices.
Source: Scot Consultoria
