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Beef, Veal, Lamb |
Weekly Beef Commentary
Boxed beef cutout values were steady to weak on moderate demand and offerings. With the exception of Select rib and loin cuts which saw some price depreciation, the majority of cuts were able to maintain relatively steady price levels this session. Ground beef similarly remained steady for all lean percentages. Beef trimmings, however, had a weakening effect on the cutout, steadily dropping throughout the week after ample chatter regarding low demand for the product. This year’s unusually heavy carcass weights after the record warm winter may be contributing to a disproportional availability of higher fat product despite the overall decrease in beef production. Forward sales were fairly light with the only major consignment being outside rounds priced below current spot market levels.
The Beef Report for May 12, 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.