Brazilian beef supply shadow being reflected in lower Aussie trimmings prices into US
Brazilian beef supply shadow being reflected in lower Aussie trimmings prices into US
AFTER a year of steady increases, lean manufacturing beef prices for Australian 90CL grinding meat heading into the US market have seen a sharp correction in value over the past three or four weeks.
Expressed in Australian dollar terms, our lean trimmings have fallen about A$1/kg since the third week in November.
The market hit an all-time record high quoted by MLA at A$13.07c/kg (CIF) during the week of 21 November, but was down to $12.09 last week. Active market participants were quoting as lo
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