STOCKPILING of Brazilian beef in the United States as a pre-emptive move to avoid paying a big import tariff has been blamed for a significant drop in prices for Australian imported grinding beef into the US this month.
Prices for Australian lean (90CL) trim were quoted at A813c/kg CIF last week, falling almost 35c/kg since the start of the month. That’s come despite the traditional high demand US northern hemisphere summer grilling season, and as cow slaughter in the US declines after lengthy US herd liquidation due to drought.
Australian exporters say part of the reasons is a big rush…
