The shortage of Argentine supply continued to be the main driver behind another upward step in rump & loin Hilton prices. Import market sources reported deals in a range of US$/t 18,800–19,200 FOB, although by Tuesday several exporters were already asking US$/t 19,500 for new loads. For rib eye, deals were concluded from Argentina at US$/t 19,800–20,000, according to a trader, though signs of resistance to such high levels began to emerge, with some importers lowering bids to around US$/t 19,200.
Subscribe to a plan to view this and all reports. this article
