China Shows More Buying Interest for Uruguayan Beef in W1

Uruguay exporters indicated that buying interest is perceived by Chinese importers, although with a cautious attitude in W1. In W1, there is a price pulling typical of the first days of the year, in which operators try to direct the market towards favorable prices for their business. During W1, price references for the shin & shank stood at USD 6.5-6.6K/ton, USD 4.5-4.6K/ton for chuck and blade, USD 5.5-5.6K/ton for round cuts, and USD 4.2-4.3K/ton for 90 VL, all CFR. In general, importers bid at lower prices, which makes operations difficult, for example, USD 3.6K/ton for cow quarters when the offering price is USD 3.9K/ton CFR as a floor.