Beef, Veal and Lamb Report

Beef, Veal & Lamb- Beef production last week declined .3% and was 6.1% less than the previous year.  The beef markets remain relatively depressed, although Fourth of July Holiday feature activity is boosting interest for ground beef products.  Ground beef forward negotiated sales last week for delivery in mid July and beyond were the 3rd largest for any week in the last 30 months.  Thus, some upward pressure may be forthcoming on the ground beef and trimming markets.  History suggests that top butt, loin and rib prices may move modestly higher during the first 2 weeks of July. 

 

Market Trend

Supplies

Price vs. Last Year

Live Cattle (Steer)

Decreasing

Good

Lower

Ground Beef 81/19

Increasing

Good

Lower

Ground Chuck

Increasing

Good

Lower

109 Export Rib (choice)

Increasing

Good

Lower

109 Export Rib (prime)

Decreasing

Good

Lower

112a Ribeye (choice)

Increasing

Good

Lower

112a Ribeye (prime)

Decreasing

Good

Lower

115 Chuck, 2-piece (choice)

Increasing

Good

Lower

120 Brisket (choice)

Increasing

Good

Higher

121c Outside Skirt (ch/sel.)

Decreasing

Good

Lower

167a Knckle, Trimmed (choice)

Increasing

Good

Lower

168 Inside Round (choice)

Increasing

Good

Lower

174 Short Loin (choice 0x1)

Decreasing

Good

Lower

174 Short Loin (prime 2x3)

Increasing

Good

Lower

180 1x1 Strip (choice)

Increasing

Good

Lower

180 1x1 Strip (prime)

Decreasing

Good

Lower

180 0x1 Strip (choice)

Decreasing

Good

Lower

184 Top Butt, boneless (choice)

Increasing

Good

Lower

184 Top Butt, boneless (prime)

Increasing

Good

Lower

185a Sirloin Flap (choice)

Decreasing

Good

Higher

185c Loin, Tri-Tip (choice)

Decreasing

Good

Higher

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

Increasing

Good

Lower

90% Trimmings

Increasing

Good

Lower

90% Imported Beef (frozen)

Decreasing

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)

Increasing

Good

Higher