Platts launches 90CL FCA Australia Beef price assessment and new US beef coverage, June 3

Platts, part of S&P Global Commodity Insights, has launched a daily price assessment for beef, FCA Australia, and additional US beef import price assessments, effective June 3.

The new price assessments include a major beef exporting nation, Australia, and two additional price assessments for US beef imports, adding to Platts' existing coverage of the global beef market, which launched on March 18. ( See link)

The Australia assessment – 90CL Beef FCA Australia – reflects the value of manufacturing beef, basis min 90% chemical lean (90CL) deboned, boxed and frozen, on an FCA Brisbane basis with Terminal Handling Charge (THC).

The daily assessment reflects the value of product stuffed in one 40-foot refrigerated container of 25-27 mt net weight.

Platts assesses prices reflecting product to be shipped 30-60 days from date of publication. Payment terms are cash against documents.

Platts 90 CL Beef FCA Australia Beef is published in US dollars per mt as an outright price under the symbol ATALD00. A monthly average will be published against the symbol ATALD03.

The assessments are based on bids, offers, trades and market activity reported to Platts before 16:30 Singapore time and reflect prevailing market value at the time of close.

The two additional US assessments – 85CL and 95CL Beef CIF US – reflect the value of manufacturing beef, basis min 85% and 95% chemical lean, respectively, deboned, boxed and frozen, on a CIF Philadelphia, US basis, THC excluded. The daily assessment reflects the value of product stuffed in one 40-foot refrigerated container, of 27 mt net weight. The assessment excludes costs of US Customs and Bureau Protection entry form and US Department of Agriculture inspection.

Platts assesses prices reflecting product to be shipped 30-60 days from date of publication. Payment terms are cash against documents.

Both prices are published in US dollars per mt. The daily Platts 85 CL Beef CIF US assessment is published under the symbol ATALG00 and the monthly average under ATALG03. The daily 95 CL Beef CIF US assessment is under the symbol ATALH00 and the monthly average under ATALH03.

The US assessments are based on bids, offers, trades and market activity reported to Platts before 1330 Central Time and reflect prevailing market value at the time of close.

A summary of the new assessments is as follows:

All beef prices are published in Protein Daily, Platts Connect and free to view on Commodity Insights LIVE, register at www.ciLIVE.com.

Please send any comments or feedback to MRTS_agricultureandfood@spglobal.com and pricegroup@spglobal.com.

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing.

Platts will consider all comments received and will make comments not marked as confidential available upon request.