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Weekly Beef Commentary
Boxed beef cutout values experienced a depreciating market this session, trending lower on both Choice and Select, on light to moderate demand and moderate offerings. Following a shortened production week, typically prices would increase. However, due to recent historically high values, packers were met with considerable resistance resulting in expected performance of lower beef values. Generally, all meat complexes saw declining price, with the exception of Select rib items. Beef trimmings followed suit, falling sharply lower in the wake of record breaking values. Fed cattle grinds depreciated as well, while blended cattle grinds held a generally steady market. Forward negotiated sales had light to moderate activity this trading period, seeing notable trades of Choice trimmed top butts and Select briskets, with prices consistent with or just below current market values. For the week: Select rib primal 1.00 higher, Choice 2.00 lower; Select and Choice chuck primal 4.00 to 4.50 lower; Select and Choice round primal 4.00 lower; Select and Choice loin primal 1.00 to 2.00 lower; Beef trimmings 6.00 lower; Fed cattle grinds 2.00 to 5.00 lower and blended cattle grinds generally steady. Composite of Boxed Beef Cutout Values: Choice 600/900# carcasses down 2.97 at 193.26, Select 600/900# carcasses down 2.38 at 174.66.COW AND BULL CARCASS, Lamb carcass values were mixed again this week with light to moderate demand and offerings.
The Beef Report for December 2, 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.