Beef Production Springs Slightly Forward

Beef harvest picks up from last week totally 629K head up from last week to 618K head.  These production numbers are keeping the market tight.  Though March is not stacking with strong demand as of yet and the recent rally we’ve seen with both bad weather and reduced production seems to have lost a bit of steam.  I’ve not seen anything moving lower but the steady increases over the past couple weeks are cooling off.  The last couple weeks my advice was buy now, waiting will cost you money.  Though I do think the overall trend continues higher I don’t see the urgency this week to buy now.  Take measure what you need or want and I think a cool head can make a good buying decision.  Once the weather breaks and demand moves higher I would change that philosophy but for night now, I think the market has a bit of a pause.  Savalfoods.com | Find us on Social Media: Instagram, Facebook, YouTube, Twitter, LinkedIn