On-the-Ground Updates

Price for Uruguayan Beef in the Chinese Market During W11

Frozen Bone-In Beef
Juan Piquet
Published Mar 17, 2023
Chinese beef import market remains active in W11, although without any shock in values despite the temporary closure of Brazilian exports. Demand is stable but importers are tougher in negotiations. The market forecast is that Brazil will return at the end of March or April. The exchange rate has not been in favor of exports to China in recent weeks. Business from Uruguay for shin & shank stood at USD 6.8-6.9K/ton, while a chuck & blade closed at USD 5K/ton CFR, and the eye round decreased USD 100 WoW to around USD 6.8K/ton. Knuckle, flat, and inside cap-off were sold at USD 6K/ton, trimmings 80 VL at USD 3.6-3.65K/ton, and forequarter 90 VL at USD 4.5K/ton, all CFR.

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