Situation/Weather: The farm is in very good shape but the pastures are still less dense as they should be for the period due to lack of water previously recorded. Soil will need time to recover from the intense drought the region faced earlier. Having that it minds, the latest weather forecasts are predicting a new La Niña event for this season. Most models agree that the current season will be marked by a La Niña phenomenon of weak intensity, but it could generate very significant impacts in productive areas due to being the second consecutive La Niña event. So, we should expect another drought season …and we already need more rain.

Cattle: We have over 5,300 heads at the farm, in good body condition as you can see below in the various categories.

You can also see a new cover that we put in place in one of our water tank that we renovated. Water conservation is key for the activity, especially in drought periods

We have currently 600 baby calves from latest service and there mothers which would need more pastures to recover their body condition.

Regarding beef prices, they remain very firm as you can see on the chart (2 years steer prices in USD of 300/390 Kg – source: CEPA).

Argentina’s beef exports have increased year-on-year by around 20% even if the demand from China is lower currently than 1 year ago(ie more focused on poultry and pork).