Beef Prices Springing Higher

So we’ve been looking at this beef market expecting a spring increase based on better demand with spring.  Retail demand has been pretty tepid, so beef producers are going to force this market higher by restraining supply.  We’ve seen this over the past few weeks but they are serious now.  Last week was a total of 603K head harvested, down from the previous week’s 651K head.  This week is shaping up to be very close to the 603K head number which has got some buyers a bit uneasy and packers are pushing up prices quickly.  Last week was the time to buy, this week will be better than buying next week.  All segments of the beef complex are moving higher. Thin meats like flank and skirt and leading the way as buyers want to cover their needs for Cinco de Mayo.  If you need beef, buy now, don’t wait.  Waiting will cost you money. Savalfoods.com | Find us on Social Media: Instagram, Facebook, YouTube, Twitter, LinkedIn