Hilton finds support

Trading for Hilton rump & loin cuts hovered between US$/t 16,500–17,000 FOB in Argentina over the past week, according to sources from both the industry and import markets. A European trader even mentioned deals as high as US$/t 17,200 FOB. These figures suggest prices may be finding a floor after four straight weeks of downward corrections.

In Uruguay, values were slightly softer, ranging around US$/t 16,000 FOB—about US$/t 200 lower than the week before.