Joel's Market Analysis 2-22-19
Nationwide Market Report: As of 2 pm Friday Feb 22
- Beef 🐄 – Beef slaughter is down to approximately 596,000 from 614,000 the previous week. Prime grade back up to 9.12%, Choice 73.88%, Select 14.20%. Live weights were in line with last week but down 3 pounds at 1,373 lb average and dressed weights at 824 lb average
- Pork 🐖 –. Pork slaughter under FIS-SJ LS710 was at 2,362,000. Primal values appear to be going down on butts, picnics, and bellies. Wenneman bacon prices are now reflecting the trend.
- Chicken 🐓 – Weekly broiler-fryer slaughter under federal inspection for the week ending 23-Feb-19 is estimated to be 163,498,000 head up 1.19 percent from a week ago, and up 0.76 percent from a year ago. (Last week 161,570,000, last year 162,267,000) Some chicken prices are expected to go up slightly in the short future.
Information above obtained from various USDA web sites
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