The sources also indicated that in the Ministry of Agriculture, Livestock and Fisheries Incentive measures are being defined to increase the supply of cattle, which could also be announced in the coming days. This consumer relief measure is taken in a context of rising beef prices.
The average price of consumer categories such as live steers went from $309 per kilo in the first operation in January to $418 last Friday, which implied a 35% increase, while for young steers the jump went from $312 to $433 per kilo. live kilo, a jump of 38%.
In regards to the half beefthe increases that the slaughterhouses, refrigerators and suppliers transferred to the retail trade, and that were completed last week, were on average between $250 and $300 per kilo.
Among the main reasons put forward by the livestock sector and the industry to justify such a jump in prices, sThe lag of the values of the farm and of meat to the consumer is found with respect to the evolution of inflation throughout 2022.
According to him Institute for the Promotion of Argentine Beef (Ipcva), during the 12 months of last year, the average price of meat to the consumer grew 42.2%, while the National Institute of Statistics and Censuses (Indec) reported a general increase in prices of 94.8% .
The drought was the main factor that determined a “stagnation” in the prices of the meat market, since the lack of pastures and water caused the producers to part with their herd due to the shortage of animal feed, in a context in which the level of consumer demand did not require a greater volume of meat for the domestic market.
