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Beef, Veal, Lamb |
Weekly Beef Commentary
Boxed beef cutout values for the trading session were higher on moderate to fairly good demand and moderate offerings. As we are now essentially passed the holiday trading window, middle meat cuts continued to weaken this week, especially in the rib. Chuck and round cuts, however, made up for these declines and allowed for an overall higher cutout. Part of the increases seen in the chuck and round primal are actually a result of higher grind prices, however. Grinds saw higher demand this session, especially for January delivery. This higher demand for grinds also helped to prop up 50s trim sales, as packers try to get their hands on more blending material. A large package of 50 trim with mid-January delivery made it onto the spot market report on Thursday with considerably higher prices. Forward sales were light to moderate with a notable consignment of cap and wedge meat. Blended and fed cattle higher on moderate to fairly good demand and moderate offerings. For the week: Select rib primal 12.00 to 14.00 lower, Chuck primal 5.00 to 6.00 higher; Select and Choice round primal 9.00 higher; Select and Choice loin primal 1.00 to 2.00 lower; Beef trimmings relatively steady; Fed and blended cattle grinds 9.00 to 10.00 higher. Composite of Boxed Beef Cutout Values: Choice 600/900# carcasses up 1.85 at 191.60, Select 600/900# carcasses up 2.01 at 174.77.
The Beef Report for December 24, 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.