May 18, 2009
US imported beef prices up
Trading activity in the US imported beef market increased last week by US and users looking to fill orders before the Memorial Day holiday (May 25).
The Memorial Day holiday is seen as the busiest weekend of the year for beef demand. Imported 90CL cow beef prices jumped two percent in both US and Australian dollars terms.
Market participants are now focused on cow meat supplies over coming months, as the Cooperatives Working Together group has accepted 103,000 dairy cows in its dairy herd retirement programme.
