On-the-Ground Updates

The Upcoming Chinese New Year Slows Down the Uruguayan Beef Market During W3

Fresh Whole Beef

Juan Piquet

Published Jan 20, 2023

Uruguayan commercial operations with the Chinese market register a slowdown at the start of W3 due to the proximity of the Chinese New Year, the most important festival in the Chinese calendar. Most offices closed during the week and will reopen at the end of January. As a beef price reference for W3, the full shoulder was sold at USD 4,700/ton and the forequarter 90 VL at USD 4,000/ton, both CFR.

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