Lean beef trimmings soar on limited US supply, strong China demand

Limited US supply amid strong demand from China has supported the lean beef trimming prices, sources said. Platts, part of S&P Global Energy, assessed 90CL beef CIF US at $8,135/mt, or $3.69/lb, Feb. 17, for a 30- to 60-day shipment, compared with $7,981/mt, or $3.58/lb, Jan. 16, and with $6,680/mt, or $3.03/lb, Feb. 17, 2025. 90CL beef CIF US assessment rose 2% month over month and 22% year overLimited US supply amid strong demand from China has supported the lean beef trimming prices, sources said. Platts, part of S&P Global Energy, assessed 90CL beef CIF US at $8,135/mt, or $3.69/lb, Feb. 17, for a 30- to 60-day shipment, compared with $7,981/mt, or $3.58/lb, Jan. 16, and with $6,680/mt, or $3.03/lb, Feb. 17, 2025. 90CL beef CIF US assessment rose 2% month over month and 22% year overRead More