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Weekly Beef Commentary
Boxed beef cutout values had a turnaround this session, trending higher on both Choice and Select on light to moderate demand. Following the unexpected gains seen in the slaughter cattle market last week and having previously cleaned up some inventory, packers rationed product at higher prices in an effort to restore margins, which resulted a lightly traded period. With the exception of Choice rib primal, which finished the week generally steady, all other Select and Choice complexes showed modest appreciation. Beef trimmings were weak on moderate demand and moderate to heavy offerings; Fed cattle grinds were firm to higher, while blended grinds were generally steady. Forward negotiated activity was moderate, mostly due to heavily traded Choice export ribs, which were priced at a premium compared to the current spot market. For the week: Select rib primal 7.00 higher, while Choice rib generally steady; Select and Choice chuck primal 3.00 to 6.00 higher; Select and Choice round primal 4.00 to 5.00 higher; Select and Choice loin primal 4.00 higher; Beef trimmings 1.00 lower; Fed cattle grinds 1.00 to 4.00 higher; blended cattle grinds generally steady. Composite of Boxed Beef Cutout Values: Choice 600/900# carcasses up 2.62 at 184.62, Select 600/900# carcasses up 4.31 at 179.87.
The Beef Report for January 27, 2012
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.