Reported Sale Prices for Uruguayan Beef After Easing the Chinese Measures to Combat COVID-19 During W50

The outlook of the Chinese market changed during W49 due to the Chinese government easing measures to combat COVID-19. Forecasting that stocks will decrease due to the upcoming Chinese New Year. In W50, sales were reported from Uruguay of shin and shank at USD 6,700/ton CFR, boneless brisket at USD 4,800/ton, and block forequarter at USD 4,900/ton CFR. In addition, the Uruguayan market for the cow quarter was reactivated, with sales of up to USD 4,000 /ton CFR as a result of the increase in the product of Chilean origin, for which values close to USD 4,600/ton CFR were obtained.