Another upward step for chilled beef prices in the EU

Prices for rump & loin Hilton cuts firmed again last week, keeping an upward momentum that begun in mid-July with an overall increase of around US$/t 1,500. One importer mentioned purchases from Argentina at US$/t 18,500 FOB, while another indicated that new offers were already being made at US$/t 18,900–19,000. For rib eye, one source informed a reference of US$ 19,800 FOB.