Argentina Cattle Prices Surge 34% YoY as Herd Liquidation Cycle Ends

Liniers cattle price for Novillo reached ARS 2,850/kg live weight (USD 2.85/kg at parallel rate) in October 2026, up 34% YoY in USD terms. Herd liquidation that contracted Argentine cattle population to 47 million head is over — producers are retaining heifers, tightening slaughter supply through 2027.

Argentina is entering the herd-rebuilding phase after three years of drought and forced liquidation. Rising cattle prices reduce export competitiveness short-term but signal long-term supply recovery. International buyers should expect tighter Argentine beef availability and higher FOB prices in H1 2027.