Lowest Block Prices Since May 2020

Beef harvest declined to 625K head last week, compared to the prior week’s 642K head.  Year-to-date production is running about 5% below last year making a pretty tight market for available product. It's a good time to buy what you need but I would not be extending beyond that.  Production continues pretty strong keeping chicken well supplied. We should see this pattern continue. As for Avian Flu – I have nothing to say other than great news of another week with no new cases reported. Corn closed at $6.44 up from last week’s $6.37. Soy Oil is moving up just a bit, we had our lowest market in over three years last week, so moving up just a bit.  Wheat markets continue in turmoil, up down, and all around. Pork bellies closed at $77, up from last week's $72. Bacon continues to be a great buy. Butts are continuing higher with a strong export demand push. And finally, barrel has no change, block is down 12 – seeing our lowest block price since May of 2020 – and butter is up 2.Savalfoods.com | Find us on Social Media: Instagram, Facebook, YouTube, Twitter, LinkedIn