Compared to the last market test, US beef import prices were mostly slightly lower, with some out-front sales reported moderately to sharply lower. Trading activity ranged from slow to moderate.
Weaker foodservice demand and abundant South American supplies continued to pressure the market. New sales from New Zealand were at a virtual standstill as the industry transitions between cow and bull slaughter seasons, while Australian product remained more readily available, according to the USDA weekly report.
