With little trade, US begins to absorb the 10 % hike

The US beef import market is far from normalizing, particularly for manufacturing beef. A US trader told WBR that operators are “slowly” spreading the 10 % surcharge: “No one wants to shoulder the full cost.” As a result, importers, distributors and retailers are sharing the extra duty, so “the consumer isn’t seeing the 10 % at the shelf,” he said. Another broker called the market “dead, with no reaction.” A Uruguayan packer reported an organic 90 CL quota sale at US$/t 8,000 FOB.