The Hilton market gains strength

Prices for Hilton rump & loin cuts firmed up over the past week. A European importer reported deals in the US$14,000-14,300 range for Argentine Hilton, while another intermediary said there were no offers below US$14,500 FOB this week. Sources in the Argentine market indicated that rising steer prices and lower rump availability are boosting chilled beef values. Other offers are rump cap at US$13,000, rib eye at US$16,000, and US$7,500 FOB for topside.