Chilled prices in Europe strengthen again

The European Hilton chilled market showed renewed firmness last week. Two import sources put rump and loin cuts from Argentina around US$/t 17,600–18,100 FOB; attempts to buy at US$/t 17,500 failed to find offers. Argentine market contacts also reported downward pressure from some players who argued that the first warm weather in Europe is slowing consumption, and the return of kosher slaughter should increase supply versus previous weeks. For Uruguay, a trader cited deals at US$/t 16,600–16,800 FOB.