Chicken Holds Course While Beef Heats Up

Beef production was 673K head for last week up 13K head over the 660K head from the week prior.  Liquidating continues in some breeding stock which will be affecting production over the next couple years as the herd size is reduced. With expensive feed and drought moving animals to harvest instead of continuing to feed them is often the decision.  Even with heavy production this market is moving higher.  Chuck Rolls are oversold and demanding strong premiums.  The rest of the chuck complex is moving higher as well.  Rounds seem to be pretty well balanced and with ground beef are holding steady and at reasonable price levels.  Tenderloins and ribeyes are already getting into holiday pricing levels though I’m hearing we won’t see too much more upside to these cuts but no bargains to be had either.  Strips are still the value in middle meats but they are moving a bit higher as well.  This is the time of year where buying sooner is better than waiting, you will pay more money later.  We should have this market on a steady increase right into early December.  Episode Sourceshttp://www.cheesereporter.com/pricesbutter.htmhttps://www.ams.usda.gov/market-news/daily-pork-reportshttps://usda.library.cornell.edu/concern/publications/gm80hv35d?locale=en#release-itemshttps://www.urnerbarry.com/https://www.uniprofoodservice.com/https://www.barchart.com/https://www.cdc.gov/flu/avianflu/data-map-commercial.htmlhttps://www.agfax.com/2022/10/24/mississippi-river-barge-traffic-continued-to-struggle-as-active-and-intensive-discussions-occur-on-black-sea-export-deal/Savalfoods.com | Find us on Social Media: Instagram, Facebook, YouTube, Twitter, LinkedIn