More Brazilian supply in Chile

With firm cattle prices in Paraguay and good trade prospects with the US and Canada, the industry is targeting US$/t 7,400–7,500 to close new sales toward its natural market (Chile) for the 19 cuts. This has widened the gap with Brazilian product, where deals have already been made at US$/t 6,100–6,200, but with intentions of stepping up to US$/t 6,300–6,400, according to an importer.