New advance in chilled beef prices in the EU

Prices for Hilton chilled cuts strengthened again last week. In Argentina’s case, several plants were more focused on slaughter for the 481-quota during the week. In addition, the availability of certified grassfed steers for the EU remains low, while the upcoming exit of kosher slaughter (see Israel) will further reduce pressure to slaughter this category. Import market sources reported Hilton rump & loin deals from Argentina at around US$/t 18,000–18,300 FOB. An Argentine exporter confirmed sales yesterday at US$ 18,500.