More product offered for the U.S. and “Trump noise”

The U.S. market had somewhat larger offerings compared to recent weeks, according to a regional trader, who noted a “significant supply” of Brazilian 90 CL blocks at US$4,900–5,000 CFR outside quota, while 85 CL is around US$4,650. In Argentina, some plants are asking US$5,200 FOB for 90 CL. A broker mentioned that several Argentine processors increasingly view the U.S. market outside quota not just as an alternative to China for forequarter cuts but also for round cuts such as 97 VL flat or knuckle at US$5,500–5,600 CFR, while outside in quota can fetch about US$8,000.