Professional Documents
Culture Documents
Volume No. 5
Issue No. 23
Beef- Beef production last week was 1% less than the same week a year
ago. The USDA choice boxed beef index has remained relatively firm
due in part to solid retail beef clearance. Pending domestic beef demand
could be challenged soon by historically high retail beef prices. Deferred
beef sales last week were the smallest for any week since February '11.
Softer beef demand could put downward pressure on the beef markets
during the next week. Tighter cattle supplies and beef output shortfalls
are projected this fall which could bring significant price support to
holiday season beef items later this year. Price USDA, FOB per pound.
Live Cattle
Feeder Cattle Index (CME)
Ground Beef 81/19
Ground Chuck
109e Export Rib (choice)
109e Export Rib (prime)
112a Ribeye (choice)
112a Ribeye (prime)
116 Chuck (select)
116 Chuck (choice)
116b Chuck Tdnr (choice)
120 Brisket (choice)
121c Outside Skirt (ch/sel)
121d Inside Skirt (ch/sel)
167a Knckle, Trm. (ch.)
168 Inside Round (ch.)
174 Short Loin (ch. 0x1)
174 Short Loin (prime)
180 1x1 Strp (choice)
180 1x1 Strp (prime)
180 0x1 Strp (choice)
184 Top Butt, bnls (ch.)
184 Top Butt, bnls (prime)
185a Sirloin Flap (choice)
185c Loin, Tri-Tip (choice)
189a Tender (select)
189a Tender (choice)
189a Tender (prime)
193 Flank Steak (choice)
50% Trimmings
65% Trimmings
75% Trimmings
85% Trimmings
90% Trimmings
90% Imported Beef (frz.)
95% Imported Beef (frz.)
Veal Rack (Hotel 7 rib)
Veal Top Rnd. (cp. off)
Price
1.212
1.538
1.950
2.034
6.124
9.823
6.726
9.805
2.194
2.189
2.176
2.082
5.275
3.534
2.308
2.045
6.547
8.778
6.426
8.371
7.628
3.347
3.692
4.544
3.552
9.124
9.724
13.943
4.513
.528
1.025
1.632
2.144
2.317
2.078
2.195
7.800
13.775
Last Week
1.225
1.523
2.194
2.186
5.589
10.434
6.488
9.631
2.313
2.325
2.224
2.105
5.131
3.538
2.353
2.114
5.964
9.342
5.933
10.106
6.699
3.314
3.608
4.488
3.376
9.052
9.593
13.652
4.411
.564
1.082
1.647
2.138
2.310
2.028
2.198
7.700
14.175
Difference Price 11
-.013
1.069
+.015
1.243
-.244
1.745
-.152
1.834
+.535
4.831
-.611
7.391
+.238
5.143
+.174
7.695
-.119
1.998
-.136
2.023
-.048
2.047
-.023
1.719
+.144
3.552
-.004
3.071
-.045
2.271
-.069
2.045
+.583
5.132
-.564
7.705
+.493
4.448
-1.735
8.524
+.929
4.820
+.033
2.262
+.084
2.813
+.056
3.768
+.176
2.542
+.072
7.394
+.131
7.907
+.291
10.240
+.102
4.265
-.036
1.087
-.057
1.239
-.015
1.538
+.006
1.833
+.007
1.936
+.050
1.925
-.003
2.005
+.100
5.450
-.400
12.400
Price
13.546
.475
401.500
5.940
.535
.174
210.500
.421
6.105
7.930
6.813
.491
.435
.252
1.561
.285
1.813
Last Week
13.879
.492
413.500
5.839
.550
.171
217.250
.441
6.530
8.360
6.963
.491
.435
.252
1.652
.295
1.813
Difference Price 11
-.333
13.932
-.017
.569
-12.000 358.000
+.101
7.185
-.015
.675
+.003
.197
-6.750 192.000
-.020
.509
-.425
8.050
-.430
10.500
-.150
12.380
.291
.325
.252
-.091
2.605
-.010
.350
1.600
Dairy- The CME butter market is fairly steady but still 8% above its
seasonal bottom established last month. International butter prices are
only trading at a slight premium to US butter which shouldn't support
solid US butter exports. Still, the 5 year average price move for CME
butter is 6.3% higher over the next 13 weeks. The CME cheese block
market has moved 9.7% higher from its seasonal bottom in March.
History points to steady cheese prices in the coming months but the
existing momentum suggests modest cheese price increases in the near
term. Prices per pound, except Class I Cream (hundred weight), from USDA.
Cheese Barrels (CME)
Cheese Blocks (CME)
American Cheese
Cheddar Cheese (40 lb.)
Mozzarella Cheese
Provolone Cheese
Parmesan Cheese
Butter (CME)
Nonfat Dry Milk
Whey, Dry
Class 1 Base
Class II Cream, heavy
Class III Milk (CME)
Class IV Milk (CME)
Price
1.523
1.603
1.715
1.998
1.843
2.193
3.273
1.405
1.180
.523
15.240
1.908
16.080
13.900
Last Week
1.528
1.600
1.658
1.903
1.748
2.098
3.178
1.400
1.166
.476
15.240
1.795
15.660
13.750
Difference
-.005
+.003
+.057
+.095
+.095
+.095
+.095
+.005
+.014
+.047
+.113
+.420
+.150
Price 11
2.068
2.113
2.240
2.170
2.240
2.443
3.518
2.100
1.702
.513
20.320
2.848
19.830
20.690
Price
19.656
19.250
20.750
14.750
19.500
15.300
26.250
14.000
Last Week
19.656
19.250
20.750
14.750
19.500
15.300
26.250
14.000
Difference
-
Price 11
17.406
17.000
17.750
14.000
14.250
12.900
20.250
13.000
Poultry- Chicken output has been trending below year ago levels.
Pork- Pork production last week was 5.7% more than last year. Heavier
hog weights versus '11 have contributed to strong US pork supplies. Pork
output is forecasted by the USDA to track 2.4% above the prior year this
summer. This could temper any significant price increases for pork in the
coming months. Relatively flat sow slaughter suggests that pork
production should continue to expand into '13. Most pork markets have
moved upward during the past week with the pork belly market climbing
to its highest price level since April 13th. Prices USDA, FOB per pound.
Live Hogs
Belly (bacon)
Sparerib (4.25 lb. & down)
Ham (20-23 lb.)
Ham (23-27 lb.)
Loin (bone-in)
Bbybck Rib (1.75 lb. & up)
Tenderloin (1.25 lb.)
Boston Butt, untrmd. (4-8
lb.)
Picnic, untrmd.
SS Picnic, smoker trm. bx.
42% Trimmings
72% Trimmings
Price
.636
1.000
1.430
.640
.640
1.050
2.761
2.990
.935
Last Week
.592
.930
1.489
.640
.645
1.001
2.713
2.820
.942
Difference
+.044
+.070
-.059
-.005
+.049
+.048
+.170
-.007
Price 11
.638
1.150
1.533
.740
.740
1.061
3.010
3.050
.949
.582
.770
.540
.772
.555
.700
.340
.580
+.027
+.070
+.200
+.192
.637
.949
.490
.800
Price
.945
1.040
1.835
1.786
1.050
1.655
1.490
2.220
.679
.555
.821
1.331
Last Week
.945
1.040
1.845
1.759
1.090
1.695
1.490
2.220
.684
.550
.829
1.365
Difference
-.010
+.027
-.040
-.040
-.005
+.005
-.008
-.034
Price 11
.870
.960
.775
.894
.885
1.480
1.070
1.890
.670
.500
.745
1.347
.990
.695
.447
.412
.542
1.060
1.882
.870
.695
.459
.419
.647
1.100
1.900
+.120
-.012
-.007
-.105
-.040
-.018
.900
.805
.465
.447
.658
1.090
2.500
Difference
-
Price 11
11.750
12.250
13.000
.390
Difference
-6.470
+.017
-.175
+4.660
-.222
-.051
-.080
+.015
-1.322
+.291
+.006
+.068
+.036
Price 11
99.090
4.831
3.077
61.000
2.992
3.940
2.570
.976
80.228
11.714
.683
1.578
6.481
Difference
-1.000
-
Price 11
13.000
14.640
19.240
6.187
7.950
18.400
10.500
34.750
14.765
12.093
9.000
9.000
16.505
8.250
14.000
10.000
6.000
14.873
17.333
17.875
11.825
16.208
10.450
10.450
10.633
13.775
15.950
14.080
25.375
7.131
7.775
7.406
13.575
8.887
8.700
12.050
15.070
15.145
12.538
26.500
22.250
6693.750
19.240
6.225
7.950
14.700
10.500
33.750
15.407
12.079
9.250
9.250
16.027
8.750
14.500
10.000
6.000
11.152
19.313
18.334
12.000
14.500
9.475
7.735
8.517
13.275
16.950
13.053
20.250
6.940
7.125
6.875
9.285
9.050
9.750
14.100
10.100
9.063
19.275
25.750
17.500
5838.888
17.140
-.038
5.725
7.225
+3.700
19.000
10.500
+1.000
48.500
-.642
17.449
+.014
10.979
-.250
16.500
-.250
15.500
+.478
23.179
-.500
12.500
-.500
16.000
9.000
10.000
+3.721
13.641
-1.980
7.792
-.459
15.667
-.175
16.783
+1.708
18.550
+.975
11.950
+2.715
8.580
+2.116
9.080
+.500
14.775
-1.000
9.950
+1.027
8.902
+5.125
12.125
+.191
6.187
+.650
6.566
+.531
6.792
+4.290
17.747
-.163
8.300
-1.050
7.306
-2.050
16.425
+4.970
8.070
+6.082
8.310
-6.737
9.595
+.750
24.844
+4.750
14.500
+854.862 5,932.500
Apr-12
+.300
+1.000
-.600
+.800
+1.400
+1.100
Mar-12
+.812
-.112
+.713
+1.315
+.936
-.746
Feb-12
+.211
-.506
-.288
+.190
-1.454
-2.367
Jan-12
+1.136
+.931
-.176
+.148
+.639
+.555