Early new year rise in imported beef prices in US

IMPORTED grinding beef prices have risen in the US this week, largely in response to very tight supply following declining kills in Australia and New Zealand in December, and normal Christmas holiday seasonal closures. The market for imported 90CL blended cow beef was quoted on Wednesday at US195-200c/lb, up US10c from the previous week and 21c higher than this time last year. Prices were set on relatively good demand from US end-users, higher prices for equivalent domestic US product and very limited offerings from overseas suppliers, Steiner’s weekly market report said. Packers both in Australia and New Zealand appeared content…

Source: Beef Central
Early new year rise in imported beef prices in US