When Production Slows, Beef Prices Rise

Beef harvest dropped again last week to 618K compared to 627K the week prior.  Beef processors or determined to keep this market tight and with production numbers like these they are being successful.  I expect we will see these reduced harvest numbers right to the end of March.  This is not a panic situation but as I said last week, buy beef now, waiting until next week will cost you more money.  Every segment of the beef complex is moving higher, thin meats leading the way.  Middle meats especially strip loins are on the way up, ribeyes and tenderloins up too though increases a bit more modest.  Ground beef is up and I do think we will see that continue steadily over the next few weeks.  Savalfoods.com | Find us on Social Media: Instagram, Facebook, YouTube, Twitter, LinkedIn