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Beef, Veal, Lamb |
Weekly Beef Commentary
Boxed beef cutout values were sharply higher on fairly good demand and light to moderate offerings. This week’s sales were more representative of typical supply and demand tendencies for April than we have seen in prior weeks. Overall load counts were down, but slaughter levels were correspondingly lower as well. Middle meat prices recovered considerably this session, as previous buyer uncertainty was alleviated by a steadily stabilizing market and a need to catch up with seasonal demand for high quality grilling product. End meats also saw improvements this week, although notably, some of these gains may have been due to recuperating ground beef prices. Forward sales were moderate this week with a notable consignment of Choice chuck rolls at prices comparable to the spot market. Beef trimmings were sharply higher this week with markedly improved demand and moderate to heavy offerings. Fed cattle grinds were higher while blended grinds were mostly steady to firm.
The Beef Report for April 20, 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.