Prices for Paraguayan beef in Chile weakened again over the past week. An exporter reported quotations of US$ 7,300/t CFR Santiago for the traditional 19-cut set. Another industry source said that, given current cattle prices in Paraguay, it is now very difficult to close deals for 20-cut programs.
“I’m not doing any 20-cut business. It's impossible with current cattle prices,” he said. He added that Brazil continues to offer abundant supplies, although he acknowledged that the recent slowdown in Brazilian slaughter could alter that situation in the coming weeks.
