The US market continues to trade sluggishly, with little price movement amid slower turnover of some imported products.
A trader operating in the US told World Beef Report (WBR) that demand has become more subdued, although it remains sufficient to prevent a sharper price correction. “The market is slow, with no major moves either way. Demand, one way or another, is still preventing prices from falling further,” he said.
The source noted that some customers have reduced the pace of their purchases. “Customers who used to buy one or one-and-a-half pallets per month are now buying one pallet every 45 days,” he explained, attributing the slowdown to consumers shifting part of their demand toward pork and chicken.
From Argentina, 90 CL manufacturing beef blocks under quota were quoted at US$ 6,600/t CFR. A Uruguayan trader reported US$ 4,900-5,000/t FOB for 90 CL outside the quota. Meanwhile, Brazilian offers stood at US$ 5,000/t CIF for 90 CL outside the quota, about US$ 500/t below the levels seen in mid-May, before Brazil began increasing beef supplies to the US market.
