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Beef, Veal and Lamb Report
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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.
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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 |
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