Beef, Veal and Lamb Report

Beef, Veal & Lamb- Beef output last week declined 1.3% but was still 2% larger than 2008.  Beef demand is reported to be softening due in part to the upcoming Thanksgiving holiday.  Beef packers are expected to slow production over the next week to ten days which could dampen the impact of a seasonal decline in demand.  Still, many beef markets may drift modestly lower through the end of the month.  September US beef imports were 5.4% less than last year and the smallest for any month since December 2001.  Sluggish US beef imports may eventually be bullish for the lean beef trimming markets. 

 

Market Trend

Supplies

Price vs. Last Year

Live Cattle (Steer)

Decreasing

Good

Lower

Ground Beef 81/19

Decreasing

Good

Lower

Ground Chuck

Increasing

Good

Lower

109 Export Rib (choice)

Increasing

Good

Lower

109 Export Rib (prime)

Increasing

Good

Lower

112a Ribeye (choice)

Decreasing

Good

Lower

112a Ribeye (prime)

Decreasing

Good

Lower

115 Chuck, 2-piece (choice)

Increasing

Good

Higher

120 Brisket (choice)

Decreasing

Good

Lower

121c Outside Skirt (ch/sel.)

Increasing

Good

Lower

167a Knckle, Trimmed (choice)

Steady

Good

Lower

168 Inside Round (choice)

Decreasing

Good

Lower

174 Short Loin (choice 0x1)

Increasing

Good

Lower

174 Short Loin (prime 2x3)

Decreasing

Good

Lower

180 1x1 Strip (choice)

Increasing

Good

Lower

180 1x1 Strip (prime)

Increasing

Good

Higher

180 0x1 Strip (choice)

Increasing

Good

Lower

184 Top Butt, boneless (choice)

Increasing

Good

Lower

184 Top Butt, boneless (prime)

Decreasing

Good

Lower

185a Sirloin Flap (choice)

Steady

Good

Lower

185c Loin, Tri-Tip (choice)

Increasing

Good

Lower

189a Tender (select, 5 lb & up)

Decreasing

Good

Lower

189a Tender (choice, 5 lb &up)

Increasing

Good

Lower

189a Tender (prime, heavy)

Increasing

Good

Lower

193 Flank Steak (choice)

Decreasing

Good

Lower

50% Trimmings

Increasing

Good

Lower

65% Trimmings

Increasing

Good

Lower

75% Trimmings

Decreasing

Good

Lower

85% Trimmings

Decreasing

Good

Lower

90% Trimmings

Decreasing

Good

Lower

90% Imported Beef (frozen)

Increasing

Good

Higher

Veal Rack (Hotel 7 rib)

Steady

Good

Lower

Veal Top Round (cap off)

Steady

Good

Lower

Lamb Rack 7 & up

Decreasing

Good

Lower

Lamb Leg (trotter off)

Decreasing

Good

Higher