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Weekly Beef Commentary
Boxed beef cutout values were higher this session with moderate demand and light to moderate offerings. A higher fed cattle market again this week kept pressure on packers to continue forcing higher beef prices. They were most successful in the ground beef area, where all products continued trading sharply higher. Most sub primal items trended firm to higher, with the Choice loin complex the only primal area to remain relatively steady. Overall trade volume picked up somewhat with a large package of Choice inside rounds midweek, as natural buyer resistance to the higher market was met with the growing realization that live cattle prices on the board means beef pricing will likely stay high for some time. Forward activity was modest with the exception of some Choice flats trading at slightly lower money. Beef trimmings were generally steady on moderate demand and offerings.
The Beef Report for January 15, 2011
Note: The pricing below is USDA commodity and/or wholesale pricing. It should be used as a guide to monitor market conditions and is not in any way comparable to distributor invoice pricing.