Reduced supply and Hilton chilled prices stabilizing

Deals for Hilton rump & loin cuts halted the downward trend seen over the previous five weeks. Last week showed “stronger firmness” in prices, particularly due to the stance of Argentine exporters who resisted going below US$ 16,500–16,800/t FOB, according to two importers speaking with WBR. Some recognized brands were already positioned at US$ 17,000/t as of Tuesday.