- News & articels
- Forums & chat
- Market Reports
- Franchise Center
The best crab cakes. At the best price points. From fast casual to high end, Phillips’ line of crab cakes has something for everyone—all priced right...Learn More
|Daily News:||All News | Subscribe|
Reports Home |
Weekly Beef Commentary
Boxed beef cutout values continued to appreciate this session, on moderate demand and light to moderate offerings. Both middle and end meat complexes experienced a substantial gain throughout the week, as reduced cattle harvesting and higher fed cattle market prices have more or less forced packers to drive prices higher. Upcoming holiday retail orders have also contributed to an upturned market, as buyers are looking to fill immediate product needs. With deferred live cattle futures remaining at extremely high levels, forward negotiated beef sales continue to be relatively light, with only notable trades of pectoral meat and frozen trimmings. Following last week’s impressive increase in price levels on beef trimmings, they continued to climb. Although, by Tuesday they had peaked for the trading period but remain historically high. Fed and blended cattle grinds also had a notable week, increasing in price levels due to the tone of the overall market. For the week: Select and Choice rib primal 5.00 to 8.00 higher; Select and Choice chuck primal 5.00 to 5.50 higher; Select and Choice round primal 3.00 to 7.00 higher; Select and Choice loin primal 3.00 to 4.00 higher; Beef trimmings 2.00 higher; Fed cattle grinds mostly 5.00 to 10.00 higher and blended cattle grinds 2.00 to 4.00 higher. Composite of Boxed Beef Cutout Values: Choice 600/900# carcasses up 4.37 at 195.39, Select 600/900# carcasses up 4.60 at 177.30.
The Beef Report for November 18, 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.