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Last update 09/14/2026
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China is beginning to show greater buying momentum, although buyers remain cautious in the face of steadily rising prices. Intermediaries report new business and demand gradually adjusting to higher values, while firmer indications are already emerging from Brazil for shipments under the 2027 quota.
A European importer said asking prices for Argentine Hilton rump & loin have reached US$ 23,000 per ton FOB, although this remains a nominal value for the time being. Business from Argentina was reported last week at US$ 22,500-22,600 FOB. Uruguayan references range from US$ 21,500 to US$ 22,000 FOB.
Two vessels carrying Quota 481 and Hilton beef cuts from Argentina and Uruguay to the EU coincidentally encountered serious problems off the Brazilian coast, with General Average declared in both cases.
A source told World Beef Report (WBR) that, as of September 14, approximately 22,000 tons of the new 100,000-ton US quota available for duty-free entry this month had been used. The volume is part of the 300,000 tons announced by Donald Trump through November in an attempt to reduce US ground beef prices.
An intermediary consulted by WBR said current pressure on the US market reflects “abundant Australian supply more than Brazilian product.”
Chilean demand remains active, although differences persist between Paraguayan asking prices and the values buyers are prepared to accept. One exporter closed business for 20-cut sets at US$ 7,560 per ton CIP Santiago for shipment next week, while another source reported a reference of US$ 7,820 CIP Santiago.
A Uruguayan exporter reported lip meat sales to African markets at US$ 2,200 per ton FOB and tripe with cap to Europe at US$ 3,600 FOB.
Average cattle prices across the region trended lower over the past week, pressured by the weakness of the Brazilian currency as well as lower references in Uruguay. The WBR Mercosur Steer Index fell by 2 cents over the week to US$ 4.82 per kilo carcass weight.
Brazil’s cattle cycle “has undergone major changes” in recent years, meaning that “we do not expect a significant decline in production over the coming years,” said Roberto Perosa, president of the Brazilian Beef Exporters Association (Abiec), during a conference organized by INAC at Expo Prado in Montevideo.
