Beef, Veal and Lamb Report

Beef, Veal and Lamb Report
Beef, Veal & Lamb- Beef production last week rose 1.8% but was 1.4% less than last year.  Lower cattle weights could temper beef output this month.  The beef markets are mixed but mostly steady to lower.  Labor Day holiday buying has culminated.  Buyers are limiting purchases with shipment volumes during the last ten days historically light.  This is a sign that the beef markets could weaken in the coming weeks.  Still, relatively limited cattle supplies and lighter cattle weights are anticipated to continue to support most beef markets well above the previous year levels this month. 

 

Market Trend

Supplies

Price vs. Last Year

Live Cattle (Steer)

Decreasing

Good

Higher

Ground Beef 81/19

Increasing

Good

Higher

Ground Chuck

Decreasing

Good

Higher

109 Export Rib (choice)

Increasing

Good

Higher

109 Export Rib (prime)

Increasing

Good

Higher

112a Ribeye (choice)

Decreasing

Good

Higher

112a Ribeye (prime)

Increasing

Good

Higher

116 Chuck (choice)

Decreasing

Good

Higher

120 Brisket (choice)

Decreasing

Good

Higher

121c Outside Skirt (ch/sel.)

Increasing

Good

Higher

167a Knckle, Trimmed (choice)

Steady

Good

Higher

168 Inside Round (choice)

Decreasing

Good

Higher

174 Short Loin (choice 0x1)

Decreasing

Good

Higher

174 Short Loin (prime 2x3)

Increasing

Good

               Higher

180 1x1 Strip (choice)

Increasing

Good

Higher

180 1x1 Strip (prime)

Decreasing

Good

Higher

180 0x1 Strip (choice)

Decreasing

Good

Higher

184 Top Butt, boneless (choice)

Increasing

Good

Higher

184 Top Butt, boneless (prime)

Increasing

Good

Higher

185a Sirloin Flap (choice)

Decreasing

Good

Higher

185c Loin, Tri-Tip (choice)

Decreasing

Good

Higher

189a Tender (select, 5 lb & up)

Increasing

Good

Higher

189a Tender (choice, 5 lb &up)

Increasing

Good

Higher

189a Tender (prime, heavy)

Decreasing

Good

Higher

193 Flank Steak (choice)

Decreasing

Good

Higher

50% Trimmings

Decreasing

Good

Higher

65% Trimmings

Decreasing

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)

Increasing

Good

Higher

Veal Top Round (cap off)

Steady

Good

Higher