Brazilian supply increases in Chile

Last week saw more Brazilian beef offered in Chile, driven by a “weak domestic market” in Brazil, a local importer told WBR. He reported deals for forequarters from Brazil at US$ 5,650 CFR and 19-cut sets at US$/t 6,000 CFR. For Paraguay, the source referenced new purchases around US$/t 6,100 — well below prices agreed weeks earlier for July shipments at US$/t 6,500.