Episode Details
Back to EpisodesHow Things Can Change In A Week
Description
The end of last week beef pricing started heating up and this week it is not stopping. Demand is finally pushing these reduced harvest numbers and in turn pushing pricing higher. On the holiday shortened week the beef harvest was 573K head, down from the prior week’s 625K head. You will see increasing prices across the board on beef products. Especially affected are the thin meats, briskets, flank, sirloin flap, but you will see increases in rounds, chucks, grinds, pretty much everything is pushing higher. Until production numbers increase (not likely) or buyers reduce demand I don’t think we have a quick down turn anytime soon. This is a market where you buy it now because next week, it will be more money.
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