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Beef, Veal and Lamb Report
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Beef, Veal & Lamb- Beef production last week declined 2.4% and was basically even with the same week in 2009. Beef packers could continue to slow beef output unless cattle prices decline or beef prices increase soon. Recent beef shipment data would suggest that cattle price declines may be coming but the weather is warming across the country which is usually bullish for middle meat beef sales. The USDA choice boxed beef cutout typically moves downward during the next few weeks before turning upward in April. The imported 90% beef trim market has climbed to its highest level since the fall of 2008.
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Market Trend |
Supplies |
Price vs. Last Year |
Live Cattle (Steer) |
Decreasing |
Good |
Higher |
Ground Beef 81/19 |
Decreasing |
Good |
Higher |
Ground Chuck |
Decreasing |
Good |
Higher |
109 Export Rib (choice) |
Increasing |
Good |
Higher |
109 Export Rib (prime) |
Increasing |
Good |
Higher |
112a Ribeye (choice) |
Increasing |
Good |
Higher |
112a Ribeye (prime) |
Increasing |
Good |
Higher |
115 Chuck, 2-piece (choice) |
Increasing |
Good |
Higher |
120 Brisket (choice) |
Increasing |
Good |
Higher |
121c Outside Skirt (ch/sel.) |
Decreasing |
Good |
Higher |
167a Knckle, Trimmed (choice) |
Decreasing |
Good |
Higher |
168 Inside Round (choice) |
Increasing |
Good |
Higher |
174 Short Loin (choice 0x1) |
Increasing |
Good |
Higher |
174 Short Loin (prime 2x3) |
Increasing |
Good |
Higher |
180 1x1 Strip (choice) |
Increasing |
Good |
Lower |
180 1x1 Strip (prime) |
Decreasing |
Good |
Higher |
180 0x1 Strip (choice) |
Increasing |
Good |
Lower |
184 Top Butt, boneless (choice) |
Decreasing |
Good |
Lower |
184 Top Butt, boneless (prime) |
Increasing |
Good |
Lower |
185a Sirloin Flap (choice) |
Increasing |
Good |
Higher |
185c Loin, Tri-Tip (choice) |
Increasing |
Good |
Higher |
189a Tender (select, 5 lb & up) |
Increasing |
Good |
Higher |
189a Tender (choice, 5 lb &up) |
Increasing |
Good |
Higher |
189a Tender (prime, heavy) |
Increasing |
Good |
Higher |
193 Flank Steak (choice) |
Increasing |
Good |
Lower |
50% Trimmings |
Increasing |
Good |
Higher |
65% Trimmings |
Increasing |
Good |
Higher |
75% Trimmings |
Decreasing |
Good |
Higher |
85% Trimmings |
Decreasing |
Good |
Higher |
90% Trimmings |
Decreasing |
Good |
Higher |
90% Imported Beef (frozen) |
Increasing |
Good |
Higher |
Veal Rack (Hotel 7 rib) |
Steady |
Good |
Lower |
Veal Top Round (cap off) |
Increasing |
Good |
Lower |
Lamb Rack 7 & up |
Decreasing |
Good |
Lower |
Lamb Leg (trotter off) |
Decreasing |
Good |
Higher |
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