Argentine producers could extend ban on meat sales, expand strike to grains

( )

Argentine cattle producers are slated to end their halt to meat sales at midnight tonight, a strike launched to protest the government’s 30-day ban on meat shipments. But the halt could be renewed and extended to grain sales.

Carlos Achetoni, president of the Argentine Agrarian Federation, told Reuters: “What is being analyzed is whether or not, if there is no agreement with the government in the coming days, to extend the strike to include grains sales as well.”

Harvest of the country’s corn and soybean crops is underway and the Argentine economy is highly reliant on the duties tacked onto the export of these commodities. The Argentine government is already struggling to pry soybeans away from producers holding onto the oilseed as a hedge against inflation. 

Tensions between Argentina’s farm sector and its Peronist President Alberto Fernandez are extremely high.

 

Latest News

H&P Report negative compared to pre-report expectations
H&P Report negative compared to pre-report expectations

Nearly every category topped the average pre-report estimates.

After the Bell | March 28, 2024
After the Bell | March 28, 2024

After the Bell | March 28, 2024

Pro Farmer's Daily Advice Monitor
Pro Farmer's Daily Advice Monitor

Pro Farmer editors provide daily updates on advice, including if now is a good time to catch up on cash sales.

PF Report Reaction: Bullish USDA data for corn
PF Report Reaction: Bullish USDA data for corn

Corn planting intentions and March 1 stocks came in lower than expected.

Report Snapshot: USDA shows lighter-than-expected corn acres and stocks
Report Snapshot: USDA shows lighter-than-expected corn acres and stocks

USDA reported corn acres of 90.036 million acres for 2024 and March 1 stocks of 8.347 billion bu., both well below trade estimates. Soybean acres were slightly lower than expectations, while stocks were higher.