The US beef market showed signs of stabilizing over the past week following the price adjustments recorded since September.
Argentine market sources reported prices of US$ 6,200/t CFR for in-quota 90 VL, but virtually no business due to intense competition with Brazil in this segment. A trader currently in Florida described commercial activity in the state as subdued. “Activity is very weak. Tourism is down, consumption is down, fuel and interest rates are very high—no change,” he told WBR.
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