The Hilton market continues strong

With no major changes in the tight regional supply dynamics, chilled rump & loin prices remained firm, with Argentine deals closing at US$16,500–16,800 FOB for regular Hilton programs. One European importer stated that most offers this week were around US$17,000/ton or higher. “We aren’t offering today, but if we had to go on the market, we wouldn’t go below US$17,500,” said a plant source. “The last batch we sold was between 16,800 and 17,300, but we believe this week we’ll be about US$500 lower, even with scarce supply and a stronger euro,” he added.