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Beef, Veal and Lamb Report
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Beef, Veal & Lamb- Beef production last week rose .7% and was 4% larger than the previous year. Beef output is anticipated to decline this month due to a tighter supply of slaughter ready cattle. The cattle market could move modestly upward. Beef demand is reported to be waning some now that most holiday cuts have climbed to relatively inflated levels especially compared to a year ago. General economic uncertainty for consumers and ongoing high percentages of cattle grading choice and prime could temper any additional beef ribeye and tenderloin price increases this fall.
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Market Trend |
Supplies |
Price vs. Last Year |
Live Cattle (Steer) |
Increasing |
Good |
Lower |
Ground Beef 81/19 |
Decreasing |
Good |
Lower |
Ground Chuck |
Decreasing |
Good |
Lower |
109 Export Rib (choice) |
Increasing |
Good |
Higher |
109 Export Rib (prime) |
Decreasing |
Good |
Higher |
112a Ribeye (choice) |
Decreasing |
Good |
Higher |
112a Ribeye (prime) |
Increasing |
Good |
Higher |
115 Chuck, 2-piece (choice) |
Increasing |
Good |
Higher |
120 Brisket (choice) |
Decreasing |
Good |
Lower |
121c Outside Skirt (ch/sel.) |
Decreasing |
Good |
Lower |
167a Knckle, Trimmed (choice) |
Increasing |
Good |
Lower |
168 Inside Round (choice) |
Increasing |
Good |
Higher |
174 Short Loin (choice 0x1) |
Decreasing |
Good |
Lower |
174 Short Loin (prime 2x3) |
Decreasing |
Good |
Higher |
180 1x1 Strip (choice) |
Decreasing |
Good |
Lower |
180 1x1 Strip (prime) |
Decreasing |
Good |
Lower |
180 0x1 Strip (choice) |
Decreasing |
Good |
Lower |
184 Top Butt, boneless (choice) |
Decreasing |
Good |
Lower |
184 Top Butt, boneless (prime) |
Decreasing |
Good |
Same |
185a Sirloin Flap (choice) |
Decreasing |
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) |
Decreasing |
Good |
Lower |
50% Trimmings |
Decreasing |
Good |
Lower |
65% Trimmings |
Increasing |
Good |
Lower |
75% Trimmings |
Decreasing |
Good |
Lower |
85% Trimmings |
Decreasing |
Good |
Lower |
90% Trimmings |
Increasing |
Good |
Lower |
90% Imported Beef (frozen) |
Increasing |
Good |
Lower |
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 |
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