China Meat Demand Continues to Consolidate

Although the Chinese authorities continue to report cases of COVID-19 and close districts to prevent the virus spread, the imported beef market seems to consolidate its recovery, which began a couple of weeks ago with greater demand.

According to a trader, the Chinese market “is more active”, with meat sales of Uruguayan beef at higher prices. The prices per ton at the CFR Chinese port of shin & shank reach USD 8.2K, round cuts USD 7.3K, rib plate USD 5.3K, forequarters at USD 5.5K, and trimmings 80 VL at USD 4.8K.

Argentinian beef sales prices per ton reach USD 6.2-6.3K for cows in 6 cuts, and shin & shank reach USD 7.8K. Chilean beef sales reached USD 5.5-5.55K for cows and USD 5.6-5.65K for steers, with a higher value for high-quality meat from Hereford animals.