Scarce supply strengthens the Hilton market in Europe

The climb in prices for Hilton rump & loin cuts has not stopped amid a shortage of slaughter-ready animals, now affecting not only Argentina but also Uruguay, where it is becoming difficult to source special grassfed steers. Import market sources reported deals ranging from US$/t 16,500-17,000 FOB for Argentina, while Uruguay is positioned between US$/t 15,200-15,300, with the expectation of reaching US$/t 15,500 FOB by the end of this week, according to one industry source. Prices reached the highest value sin April 2022, almost three years ago.