Europe remains firm, though there are signs of a peak

During the past week, rump & loin Hilton prices held firm, with deals closed from Argentina at US$17,500/ton FOB and plants asking US$18,000/ton for new shipments. In Uruguay’s case, deals remained mostly stable at around US$16,500/ton over the last week. The values match last week’s quotes, which could indicate that the upward trend dominating this year may be losing steam.