Page 1
Friday, October 16, 2015
Friday, October 16, 2015
Number 42- Volume 08
WEEKLY COMMODITY AT A GLANCE
This
Week
Last
Week
2014
2015
UB Beef Index
$3.00
Last
Year
3.07
951.75
47.26
49.63
82.75
Loose Lard, Chicago Basis
0.35
UNQ
0.52
Edible Tallow, Chicago Basis
0.25
0.27
0.30
Beef Trimmings, 90% Fresh
235.00
245.00
299.00
UB Pork Cutout
Beef Trimmings, 50% Fresh
60.00
44.00
116.00
$1.40
292.00
$1.15
222.00
227.00
11.33
11.59
16.25
112A 3 Ribeye Roll, Lip-On CH
735.00
710.00
735.00
116A 3 Chuck Roll, Neck-Off CH
320.00
305.00
350.00
168 3 Round, Top (Inside) CH
237.00
227.00
305.00
180 3 Strip Loin, Bnls, 0x1 CH
575.00
550.00
545.00
136 Coarse Ground 81%
210.00
192.00
270.00
USDA Drop Credit
189A 4 Loin, Tenderloin, PSMO CH
$1.80
119.61
164.19
Select Hams 20/23
75.00
73.00
127.00
Sq Cut Bellies 14/16
163.00
161.00
115.00
1/4 Trmd. Loins 21/dn
106.00
105.00
157.00
$0.93
J F M A M
Source: Urner Barry
J
J
A
S
O
N
D
J
F M A
Source: Urner Barry
2014
2015
$0.65
$0.40
J F M A M
Source: Urner Barry
J
J
A
S
O
N
M
T
W
TH
F
S
TW 112 112 112 109 108 23
LW 106 114 111 107 106 13
*LY 110 116 109 109 103 18
EST. DAILY HOG SLAUGHTER
557
564
TW 398 431 427 436 434 192
2,318
LW 435 433 433 435 430 124
2,290
*LY 425 429 429 429 408 64
2,184
EST. DAILY SHEEP SLAUGHTER
146.00
165.00
Fresh Pork Trim (42%)
26.00
32.00
50.00
Fresh Pork Trim (72%)
57.00
62.00
107.00
Carcass Lamb Y4+55/65
350.00
350.00
347.00
Lamb Cuts, 204 Rack, 8-Rib, 7/Up
780.00
780.00
855.00
Lamb Cuts, 206 Shoulder, Cross Cut
290.00
290.00
305.00
Lamb Cuts, 232 Loin Trmd 4x4
535.00
535.00
550.00
EST. DAILY CALVES SLAUGHTER
Lamb Cuts, 234 Leg, Boneless
545.00
555.00
535.00
Carcass Veal, Hide-off, 255/315, NC
465.00
465.00
440.00
TW
2
2
2
1
1
0
8
LW
2
2
2
1
1
0
8
*LY
2
2
2
2
2
0
9
EST. DAILY COW & BULL SLAUGHTER
845.00
720.00
790.00
790.00
750.00
Veal Cuts, 348A Leg, TBS 3-Pc 24/32
1,300.00 1,300.00 1,180.00
Quotes represent the high side of Friday's trading range
TW
9
9
7
8
6
0
39
8
9
8
8
8
0
41
6
9
8
9
7
0
39
F
LW
N
D
2014
2015
$0.75
S
M
T
W
TH
10/2 10/3 10/5 10/6 10/7 10/8
22
10/9
4
19
22
22
21
10/10 10/12 10/13 10/14 10/15
M
J
J
A
This
Week
S
O
N
D
Last
Week
Last
Year
0.727 0.733
16.362 16.438
1.291 1.295
119.438 120.270
6.352 6.345
3.841 3.740
1,129.800 1,141.500
32.302 32.250
1.136 1.137
COLD STORAGE STOCKS
(Pounds in Thousands)
8/31/14
7/31/15
Beef in Freezer, Bnls
420,568
308,350
Cuts
38,914
38,206
Total Beef
346,556
459,482
8/31/14
7/31/15
PORK & OTHER
Pork in Freezer, Picnics
8,505
9,680
Hams
179,483
205,549
45,562
Bellies
23,634
20,913
Loins
33,968
49,621
Spareribs
75,533
23,778
Butts
22,876
44,202
40,440
Trimmings
98,703
90,271
Other Pork in Freezer
633,214
543,666
Total
3,850
3,581
Veal in Freezer
Lamb & Mutton in Freezer
39,064
40,157
Total
42,914
43,738
0.876
13.527
1.128
106.907
6.124
2.430
576
95.00
845.00
O
FOREIGN EXCHANGE RATES
146.00
Veal Cuts, 332 Loin, 4x4 Trim 12/18
S
$1.05
Total
87.00
Veal Cuts, 310 Shoulder Clod 14/20
A
UB Chicken Index
J F M A
Source: Urner Barry
151.00
Veal Cuts, 306 Hotel Rack, 7-Rib 14/20 1,085.00 1,085.00 1,075.00
J
$0.45
D
EST. DAILY CATTLE SLAUGHTER
TW
LW
*LY
J
$0.60
Spareribs, Light, Fresh
1/4 Tr Boston Butts 9/dn
M
$0.90
$0.90
1,160.00 1,140.00 1,270.00
126.06
Cattle-Fax, 6-State Fed Steer Price
$1.43
$1.18
$2.10
$/lb.
Aust/NZ Blend Cow 90% EC Spot
$2.40
$/lb.
NYMEX Light Crude Oil
$/lb.
3.53
885.75
$/lb.
3.49
CBOT Soybean
2014
2015
$1.68
$2.70
898.25
Omaha, US No 2 Yellow Corn
UB Turkey Index
$1.93
Total
110
Total
20
4
20
21
22
22
109
*LY 21
5
20
22
20
21
109
Australia, Dollar
Mexico, Peso
Canada, Dollar
Japan, Yen
China, Yuan (RMB)
Brazil, Real
South Korea, Won
Taiwan, Dollar
European Union, Euro
1,062.320
30.359
1.276
8/31/15
430,004
40,434
470,438
8/31/15
11,767
237,450
13,678
32,133
72,868
20,140
42,588
110,331
656,256
4,072
41,883
45,955
Year-over-year changes in Q1-Q3 Production
*Last Year's numbers are rounded
10.00%
8.00%
6.00%
4.00%
2.00%
0.00%
-2.00%
-4.00%
-6.00%
-8.00%
According to today’s Livestock, Dairy and Poultry
Outlook, red meat and poultry production
increased less than 1 percent over the first three
quarters of 2015 over last year. Tighter supplies
of cattle had production declining 3.3 percent. AI
issues have both turkey and egg production also
lower. Pork rebounded from PEDv outbreaks
better than expected, which resulted in a 7.9 Data Updated: September 22, 2015
percent gain so far in production this year. Larger
slaughter and heavier bird weights combined for URNER BARRY’S WEEKLY RED MEAT INSIDER’S REPORT is
available on FoodMarket.com and through Urner Barry’s
greater broiler production.
Beef
Pork
Source: Urner Barry, USDA WASDE
Broilers
Turkey
Eggs
Gary Morrison • gmorrison@urnerbarry.com
flagship service Comtell Online. FoodMarket is available
for $19.00 a month.
© 2015 Urner Barry. All rights reserved. This publication is protected by USA Federal copyright law. Please do not copy or redistribute this information.
Friday, October 16, 2015
Page 2
UB BEEF CUTOUT Oct-16 v. Oct-09
SELECT
NO-ROLL
CAB
6.22%
5.35%
3.62%
5.65%
540
Chuck
3.86%
3.94%
4.25%
3.59%
Round
3.71%
3.73%
3.43%
1.71%
480
Loin
3.10%
2.92%
3.29%
0.29%
Brisket
3.93%
4.35%
2.31%
1.24%
Plate
5.16%
5.19%
5.19%
3.51%
Flank
6.79%
5.72%
6.59%
2.82%
Total
4.11%
3.95%
3.75%
2.49%
2014
2015
Live Cattle, 6-State Fed Steer Price
J
F M A M J
Source: USDA, Urner Barry
J
A
S
O
N
D
2014
2015
Cattle Slaughter
Thousand Head/Week
$/lb.
360
670
$1.57
$1.42
$1.27
590
510
430
350
$1.12
J F M A
Source: Cattle Fax
M
J
J
A
S
O
N
J
D
F
M
A
M
J
J
A
S
O
N
D
Source: USDA, Urner Barry
2014
2015
Cow and Bull Slaughter
Live Cattle Cont. Front-Month Futures
150
Thousand Head/Week
1.450
1.400
$/lb.
420
300
$1.72
1.350
1.300
110
10/13
10/14
10/15
J
10/16
F
M
A
M
J
J
A
S
O
N
D
Source: USDA, Urner Barry
2014
2015
Drop Credit
2014
2015
Cattle Weights
860
$17.00
lbs.
$13.50
$11.75
828
812
796
780
$10.00
J F M
Source: USDA
A
M
J
J
A
S
O
N
D
UB 50 % Trimmings
J
F
M
A
M
J
J
A
S
O
N
D
Source: USDA, Urner Barry
2014
2015
Select Grading Percentage
$0.65
29%
$/lb.
$0.59
$0.53
26%
$0.47
23%
$0.41
20%
$0.35
10/12
10/13
10/14
10/15
10/16
Source: Urner Barry
$/lb.
ROUNDS: The weekly move higher with round cutout
values resembled that of the chuck cutouts, with the
choice round primal value moving almost $7 higher
or 3.71%
BONELESS BEEF: Fresh 50s progressed higher as
the week developed. Compared to last Friday’s
weighted average for fresh 50s closed Friday up
over 41%. Nearby demand was active. This week’s
cattle slaughter was estimated at 576,000 head; up
19,000 from the previous week. The market for fresh
90s was steady to a little higher this week. Supplies
varied noticeably from packer to packer.
UB BEEF CUTOUT-CH/SE SPREAD ($/cwt)
M
T
W
TH
F
TW
5.75 5.88 5.97 6.00 5.84
*LW
4.27 4.31 4.21 4.72 5.30
*Last Week's numbers are rounded
Weekly Beef Breakdown
(# of loads)
17%
J
F
M
A
M
J
J
A
S
O
N
D
Source: USDA, Urner Barry
1 load = 40,000 lbs.
1200
1000
2014
2015
Choice Grading Percentage
UB 90 % Trimmings
SLAUGHTER & BEEF PRODUCTION: The weekly
cattle slaughter came in at 576,000 head, 19,000
above last week’s tally of 557,000 head. This week last
year saw a 564,000 head weekly kill. Saturday’s harvest
under inspection assessed at 23,000 head. Live cattle
weights moved another 2 pounds higher to 1389
pounds; dressed cattle gained 1 more pound to now
tip the scales at 850 pounds.
LOINS: Not to be outdone by the other major primal
cutout values, loins were able post fairly strong gains,
moving about 3% higher. Strips, short loins, and thin
meats from the loin primal all gained value.
844
$15.25
LIVE CATTLE: Cattle owners and packer buyer’s
negotiations for cash trade waited until Friday to
commence in earnest. Cattle futures posted up limit
gains on Friday and cattle owners were holding their
show lists with a bit more confidence. Sales in the
North for the carcass were established at $203/cwt to
$205/cwt, up $8/cwt to $10/cwt from week prior. Live
cattle sales in the North reported at $130/cwt to $135/
cwt, while trade in the South occurred at $135/cwt to
$136/cwt. Live cattle sales moved overall $7/cwt to
$12/cwt higher when contrasted with last week.
CHUCKS: Chucks gained values, with most items
fabricated from the shoulder gaining value. The
laggard within the chuck complex remains the teres
major, as demand remains sluggish for the value cut.
90
70
10/12
Source: CME
Cutouts saw a huge surge higher in the first part of
the week, as values for many boxed beef items were
correcting from the recent low levels. As the week wore
on, the pace of gains with wholesale values slowed.
All primal sections of the carcass saw values improve.
Ground beef sales this week were accomplished at
elevated levels as well. The advancing wholesale
pricing structures put somewhat of a damper on the
amount of reported loads trading ownership, coming
off of last week’s largest volume realized since the same
time last year.
RIBS: Urner Barry’s Choice Rib Primal Cutout value
posted a sharp gain this week, moving over $18
higher, or 6.22%. Buyers were looking to book product
for both some spot shipment as well as holiday orders.
130
1.250
$/cwt
2014
2015
Beef Production
Million lbs.
Rib
BEEF COMMENTARY
BEEF
BEEF
CHOICE
800
600
$2.40
72%
$2.35
70%
200
67%
0
400
$2.30
$2.25
65%
$2.20
62%
$2.15
10/12
10/13
Source: Urner Barry
10/14
10/15
10/16
J
F
M
A
M
Source: USDA, Urner Barry
J
J
A
S
O
N
D
Last week
This week
Trim
99.19
64.39
Grind
197.21
154.11
SE
271.98
168.26
CH
457.89
339.08
Source: USDA, Urner
Barry
© 2015 Urner Barry. All rights reserved. This publication is protected by USA Federal copyright law. Please do not copy or redistribute this information.
Page 3
Friday, October 16, 2015
PORK PRODUCTION
2014
2015
Thousand Head/Week
Hog Slaughter
2,380
2,180
1,980
1,780
1,580
J
F M A
Source: USDA, Urner
Barry
M
J
J
A
S
O
N
D
2014
2015
Dressed weights, Hogs
Lean Hog Cont. Front-Month Futures
$0.800
220
217
$0.750
$/lb.
lbs.
LIVE HOGS & CUTOUT
Oct-09 Oct-16 Change
PORK CUTOUT
Loin
23.582 23.434
-0.148
Butt
8.438
7.883
-0.555
Picnic
5.718
5.785
0.067
Sparerib
6.595
6.799
0.204
Ham
15.769 16.386
0.617
Belly
24.764 25.236
0.472
Cutout Value
86.951 87.625
0.674
215
212
$0.700
210
$0.650
207
J
F M A M
Source: USDA, Urner
Barry
J
J
A
S
O
N
10/12
D
Pork Production
2014
2015
10/14
10/15
10/16
2014
2015
USDA Direct Hogs,
Iowa/Minnesota, Carcass Base
520
$1.64
475
430
385
$1.04
$0.74
$0.44
340
J
F M A M J
Source: USDA, Urner Barry
J
A
S
O
N
J
D
F
M
A
M
J
J
A
S
O
N
D
Source: USDA, Urner Barry
UB Select Hams 20/23
UB TL Spareribs, Light, Fresh (Vacpak)
$0.78
$1.52
$0.76
$1.50
$/lb.
$0.72
$1.44
10/12
10/13
Source: Urner Barry
10/14
10/15
10/16
10/12
10/13
Source: Urner Barry
UB TL Sq. Cut Bellies 14/16
10/15
10/16
$0.95
$1.66
$/lb.
$/lb.
10/14
UB TL 1/4 in. Tr Boston Butts 9/dn
$1.69
$0.92
$1.62
$0.89
$1.59
$0.86
$1.55
10/12
10/13
10/14
10/15
TRIMMINGS: Fresh 42 and 72 percent
trimmings declined this week on limited
further processor interest and mixed to fully
adequate inventories, given the nearly 2.32m
head slaughter. 42s lost $5.00/cwt while 72s
declined by $4.00/cwt. Boneless picnic trim
was supported from foodservice movement,
resulting in $2.00/cwt gains.
RETAIL: A look at closing loin values will show
both weakness and strength, appropriate given
the up-and-down trade seen in the last five
days. Expectations for increased availability and
seasonally lower pricing failed to materialize.
Items from the picnic were also mixed.
Meanwhile, butt values continued to slide. There
has been considerable downside pressure on
butts as availability borders on burdensome.
This week alone, the market fell $7.00 to $8.00/
cwt. The sparerib trend also remained in-place.
Sustained interest to feature in-place of beef or
to cut-and-freeze for later use, proved to be price
supportive. Spareribs were up another $4.00 to
$5.00/cwt this week. St. Louis Rib and Loin Back
Rib values ranged steady to stronger.
$0.83
10/16
10/12
Source: Urner Barry
10/13
10/14
10/15
10/16
Source: Urner Barry
UB TL 1/4 in. Tr Loins 21/dn
UB Pork Trim (72%) Fr TL
UB Pork Trim (42%) Fr TL
$1.08
$0.62
$0.35
$1.06
$0.60
$0.32
$/lb.
$/lb.
$1.48
$1.46
$0.70
HAMS: Bone-in and boneless hams were fully
steady to firm this week on continued retail
interest and balanced availability. 17 to 27lb
hams gained between $1.00 and $2.00/cwt
while 4-piece boneless hams were up $8.00/cwt.
$1.03
$0.57
$1.01
$0.55
$0.98
$0.52
10/12
Source: Urner Barry
10/13
10/14
10/15
10/16
$/lb.
$/lb.
PORK PROCESSING
ITEMS & RETAIL CUTS
PORK PROCESSING ITEMS & RETAIL
CUTS
$0.74
PORK PRODUCTION: Total pork production for
the week ending October 17, 2015 was estimated
at 486.7 million lbs. This total was 1.3 percent
above the previous week and 4.2 percent higher
than the same week a year ago. Average hog
weights, at 281 pounds, were one pound over
last week and five pounds under last year.
BELLIES: Bellies were supported this week on
foodservice demand and limited fresh supplies.
Gains of $1.00 to $5.00/cwt were seen across
derind and square-cut lines as a result.
$1.34
$/lb.
Million lbs.
10/13
Source: CME
PORK COMMENTARY
Wholesale pork prices managed to edge higher
while hogs were bid lower, resulting in standard
operating margins exceeding $30/head during
parts of this week. According to the Urnear Barry
Pork Packer Margin Index, standard operating
margins ranged between $29.22 to $31.97/head.
The Urner Barry pork carcass cutout went from
$86.95/cwt last Friday to $87.62/cwt to close this
week. Meanwhile, Iowa-Minnesota hogs moved
from $71.37/cwt last Friday to $68.81/cwt this
Friday on a weighted average basis.
$0.29
$0.26
$0.23
$0.20
10/12
Source: Urner Barry
10/13
10/14
10/15
10/16
10/12
10/13
10/14
10/15
10/16
Source: Urner Barry
© 2015 Urner Barry. All rights reserved. This publication is protected by USA Federal copyright law. Please do not copy or redistribute this information.
Friday, October 16, 2015
Page 4
LAMB COMMENTARY
LAMB
UB Carcass Lamb Y4+55/65
2014
2015
$3.70
UB Boxed Lamb Cuts, 206
Shoulder, Cross Cut
$3.34
$3.14
$3.20
$/lb.
$2.95
$2.94
$2.74
$2.70
J
F
M
A
M
J
J
A
S
O
N
$2.54
D
J
F M A
Source: Urner Barry
Source: Urner Barry
UB Boxed Lamb Cuts, 204
Rack, 8-Rib, 7/Up
M
J
J
A
S
O
N
D
UB Boxed Lamb Cuts, 232 Loin
Trmd 4x4
2014
2015
UB Boxed Lamb Cuts,
234 Leg, Boneless
2014
2015
$5.80
$5.90
$8.50
$5.60
$5.55
$/lb.
$9.10
$7.90
$5.40
$7.30
$5.20
$6.70
J F M A
Source: Urner Barry
M
J
J
A
S
O
N
UB Carcass Veal, Hide-off,
255/315, North Central
J F M A
Source: Urner Barry
M
J
J
A
S
O
N
$9.10
$4.53
$8.35
$/lb.
$4.83
$4.23
$5.20
J F M A
Source: Urner Barry
D
UB Boxed Veal Cuts, 310
Shoulder Clod 14/20
2014
2015
2015
$4.50
$5.00
D
2014
$4.85
VEAL
$/lb.
Lamb carcasses were basically steady this week.
Trading activity varied from region to region.
Boxed cuts were mostly steady. Some light trade
on the boneless legs developed at a discount.
Year-to-date lamb production is down 5.2%
compared to the equivalent time period last year.
$/lb.
$/lb.
$3.45
$/lb.
2014
2015
2014
2015
M
J
J
A
S
O
N
D
VEAL COMMENTARY
Veal carcasses traded at steady price levels.
Boxed veal cuts traded within the previously
quoted price ranges. Trading activity was
noticeably more active in some areas.
$7.60
$6.85
$3.93
$6.10
$3.63
J
F M A
Source: Urner Barry
M
J
J
A
S
O
N
J
D
F
M
A
M
J
J
A
S
O
N
D
Source: Urner Barry
UB Boxed Veal Cuts, 306
Hotel Rack, 7-Rib 14/20
UB Boxed Veal Cuts, 332 Loin,
4x4 Trimmed 12/18
2014
2015
UB Boxed Veal Cuts, 348A Leg,
TBS 3-Piece 24/32
2014
2015
$13.20
$10.70
$7.70
$12.45
$/lb.
$10.00
$7.10
$9.30
$6.50
$8.60
$5.90
J F M A
Source: Urner Barry
M
J
J
A
S
O
N
$/lb.
$8.30
$/lb.
$11.40
$11.70
$10.95
J
D
2014
2015
F M
A
M
J
J
A
S
O
N
$10.20
D
J F M A
Source: Urner Barry
Source: Urner Barry
M
J
J
A
S
O
N
D
FEEDS: CORN, SOY BEAN, RED WHEAT
Yellow, Omaha Corn No. 2
$1,600
$3.20
$1,200
$1,000
$2.50
J F
Source: CME
M
A
M
J
J
A
S
O
N
$8.00
$/bushel
$3.90
$3.50
J F M
Source: CME
A
M
J
J
A
S
!
EW
ALL N
$6.50
$5.00
$800
D
2014
2015
$9.50
$1,400
$4.60
cents/bushel
$/bushel
$5.30
Kansas City Hard Red Wheat
2014
2015
CBOT Soybean Features
2014
2015
O
N
D
J
F M
Source: KCBT
A
M
J
J
A
S
O
N
D
800-932-0617
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Friday, October 16, 2015
Page 5
POULTRY
$1.43
$1.10
$1.31
$3.85
$/Gallon
$1.30
$0.90
$1.19
$0.95
$0.50
M
J
J
A
S
O
N
J
F M A
Source: Urner Barry
D
UB NE Jumbo Bnls/Sknls
Breasts Tender Out
M
J
J
A
S
O
N
J
F
M
A
M
J
J
A
S
O
N
D
Source: U.S. Dept. of Energy, Urner Barry
Gasoline
2014
2015
$6.40
$2.10
$2.35
D
UB Turkey Meat - Breast, Tom, Fresh
2014
2015
$3.35
$2.85
$1.07
J
F M A
Source: Urner Barry
2014
2015
$4.35
$0.70
2014
2015
$4.15
$5.40
$1.50
$1.20
$4.40
$/Gallon
$/lb.
$/lb.
$1.80
$3.40
J
F M A
Source: Urner Barry
M
J
J
A
S
O
N
J
F M A
Source: Urner Barry
$1.90
$0.55
$1.75
$/lb.
$0.70
$0.40
$0.25
M
J
J
A
S
O
N
UB Turkey Meat - Thigh, Fresh
2014
2015
UB NE Leg Quarters (bulk)
J F M A M J J A
Source: U.S. Dept. of Energy, Urner
Barry
D
J F M A
Source: Urner Barry
M
J
J
A
S
O
N
D
S
O
N
D
2014
2015
EW!
ALL N
$1.60
$1.45
$0.10
$2.95
$1.75
$1.40
D
$3.55
$2.35
$2.40
$0.90
$/lb.
ENERGY
Diesel
2014
2015
UB Toms, East, Frozen 16 lbs
2014
2015
$/lb.
$/lb.
UB NE WOG Chickens
Cutting Stock 3 lbs & up
$1.30
J
F M A
Source: Urner Barry
M
J
J
A
S
O
N
D
POULTRY COMMENTARY
While there weren’t many corrections made to the
chicken market this week, the storyline remains During the week’s price discovery efforts, a more
the same. Offerings for most listed lines are still solid overall set of market conditions emerged.
deemed fully adequate for spot needs which are When all was said and done however, the
only fair. It appears trading levels found some differences in opinions or market experiences
support, but only barely. Whole birds and WOGs amounted to very little. Demand was fair for
trended lower all week. Boneless breast meat is the week and today’s level probably typical
trading within a reasonable range of our listed of a Friday in October. Whole bird buyers and
quotations for now however, sources close to the sellers are in position, waiting features to break
action are concerned that even these values are and consumers to respond. Offerings of toms
beginning to test some. Tenders are still no better and hens are barely adequate to occasionally
than unsettled. All week, jumbo wings moved adequate for the light level of interest surfacing.
regularly at market related price points while Considerable attention is being given to
small and medium sized wings faced pressure. institutional breasts in advance of the fall and
In the dark meat complex, bone-in thighs, thigh winter holiday season. Here the bids being
meat and leg meat have all trended lower in placed are almost entirely academic and do very
recent days. Supplies are ample to burdensome little to encourage sellers to produce or offer
and sellers are discounting their loads in order more product. Boneless breast meats along with
to keep product moving. The remaining dark destrapped tenders are fully supported and
meat lines are rated about steady, but sources closed higher for the week. The parts segment
are suggesting that the call for drumsticks and is about steady. Hen two joints deserve a firm
legs has improved. MSC, particularly frozen, is no undertone and necks a full steady one. Whole
better than barely steady.
wings and drums are not receiving an active call
but are nevertheless situated in decent shape.
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Russ Whitman - rwhitman@urnerbarry.com
Terence Wells - twells@urnerbarry.com
Russ Barton- rbarton@urnerbarry.com
Gary Morrison- gmorrison@urnerbarry.com
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Commodity Indecies, Cattle Fax, Daily Beef Quotations, Daily Pork Quotations, Daily Lamb & Veal Quotations, Daily Poultry Quotations, Beef and Pork Futures, USDA Direct Hogs, are
quoted in $/lb; USDA Slaughter is quoted as Head in Thousands; USDA Production is quoted as Pounds in Millions; USDA Weights are quoted in Pounds; USDA Drop credit is quoted in
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© 2015 Urner Barry. All rights reserved. This publication is protected by USA Federal copyright law. Please do not copy or redistribute this information.