Uncertain Beef Prices in W9 as China’s Suspension on Brazilian Beef Imports Continues

Meat processors are holding back on offering prices in W9 due to the BSE (Bovine Spongiform Encephalopathy, or Mad Cow Disease) declaration that came out of Brazil on 23 February 2023. The demand for beef exported to China from other nations will be affected if the Brazilian beef export ban is prolonged. Beef processors are holding onto their inventory as they observe what transpires.