Europe seeks a ceiling for the Hilton market

Prices for chilled beef for the European market remain firm, although their pace of appreciation slowed over the last week, particularly for the Argentine product. Market sources reported deals in a range of US$/t 15,400-16,000 FOB during the past week. “Even though people are asking for US$ 16,000 or a bit more, importers, for now, are not willing to pay those prices,” said a source in the Argentine market.