Transcription of US Imported Beef Market
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US Imported Beef Market
The near term securing supply remains the primary focus and a number of Market participants noted that higher prices are being paid for product deliv-ering further out in the future. Chinese demand remains the key driver of global demand although in the near term that demand has been uneven, dis-torted by COVID outbreaks and severe restrictions in China. New Zealand supply is also highly un-certain and packers there reportedly are reluctant to show any significant volumes forward. Dairy Imported Market Activity for the Week Imported beef trade remains difficult given ongoing supply chain challenges and uncertainty about supply availability in Q1.
• Broiler market is uneven, with spot supply of b/ s breasts still very tight and prices advancing higher and last quoted on jumbos at 2.07. This is more than 40 cents higher than where we thought they would be back in the fall. Back half of the bird is not performing as well as product is readily available.
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