Three-year high for prices within the Hilton quota

It was another week of firmness for rump & loin Hilton cuts, with no apparent ceiling so far. Import market sources indicated references of US$17,500/ton FOB for Hilton from Argentina and US$16,500 for Uruguay, in a context of limited supply. These are the highest prices since April 2022, three years ago. One trader suggested that Argentine slaughter is unlikely to improve before mid-May, when kosher teams are set to return to the region.