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Beef, Veal, Lamb |
Weekly Beef Commentary
Boxed beef cutout values were lower on light to moderate demand and moderate offerings. As expected, middle meats, with the exception of Choice rib cuts, depreciated this trading session. Select chuck complex was lower, while the Choice counterparts were generally steady. Select and Choice round items were steady to firm. Beef trimmings were lower this week, as well as fed cattle grinds; blended cattle grinds were generally steady. Forward negotiated sales were light to moderate, with Choice outside rounds being the most notable trade, at prices lower than current spot market levels. For the week: Select rib primal 6.50 lower while Choice cuts 6.00 higher; Select and Choice chuck primal steady to 3.00 lower; Select and Choice round primal steady to 1.00 higher; Select and Choice loin primal 3.50 to 7.00 lower; Beef trimmings 2.00 lower; Fed cattle grinds 3.00 to 6.00 lower; blended cattle grinds generally steady.
The Beef Report for July 6, 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.