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Beef and Pork Bounce Back
Manage episode 397788348 series 3011013
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Beef production recovered nicely after the winter storm disruptions. Packers pushed pricing up pretty quickly, but this doesn't seem sustainable into February. The quick rise prices should move lower towards the end of the month, with middle meats being an exception as they have already bottomed out.
Chicken pricing is moving higher as expected. Production is about 1% higher over last year and the demand is on par. Five new cases of Avian Flu were reported affecting 313,000 birds.
Bellies are on the rise, but we're hoping to see a small buy window in February before prices move even higher this summer. Butts, ribs, and loins are all still a great value. Pork production rebounded nicely last week.
Grains are in good shape and the CME had a quiet week.
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