US imported grinding beef market softens, but demand remains solid

Australian grinding beef prices into the US are currently at their lowest level in a year when measured in Aussie dollar terms, as the drought-afflicted US beef industry last week notched up its largest weekly kill for the year.

Prices for 90CL imported grinding cow beef last week and the week before into the US were quoted at around A807-809c/kg CIF, their lowest point for 2022, and indeed stretching back to August 2021.

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