Export steers remained stable despite the rise in those for domestic consumption

Recent heavy rains, expected to continue in the coming days, are complicating cattle shipments from grazing fields. Added to this, the two days of Carnival holidays next week will further tighten supply, triggering a sharp price increase at the Cañuelas (formerly Liniers) market, Argentina’s benchmark. However, through yesterday, demand was mostly driven by the domestic market: “Everything’s fetching higher prices in the domestic market—exports are left out of this, it’s unbelievable,” commented a livestock consignor.