Although some importers believe prices are approaching “a limit,” deals continue to close each week at higher levels. Last week, a European importer purchased Hilton rump & loin cuts from Argentina at US$/t 16,800 FOB and from Uruguay at US$/t 16,000 FOB. However, early this week another importer confirmed having paid US$/t 17,000 for the Argentine product, with some exporters now asking US$/t 17,200 FOB or more for new loads. One exporter reported sales at US$/t 17,500 FOB.
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