Episode Details

Beef is finally starting to look like I would expect a couple weeks ago.  They didn’t move much, but I’ll take a move lower on ribeyes and tenderloins as a start.  Finally.  I think they have a long way to go in only a few short weeks before Valentine’s Day props up pricing again, but for right now, ribeyes and tenderloins are moving lower.  Strips on the other hand are moving higher just as expected. Chucks have given up a bit of recent ground but I think only temporary.  Rounds still showing pretty strength.  The leaders up right now are strips and ground beef.  This pattern with lower middle meats and higher end meats should continue at least a couple more weeks.  Last weeks harvest was a third holiday shortened week with only 563K harvested up from the prior week’s 547K head. Keeping inventories tight and trying to get buyers to chase product.
 
https://www.ams.usda.gov/market-news/daily-pork-reports