Written Commentary
LIVESTOCK AM OUTLOOK
A sign consumers are fighting high beef prices and buying cheaper cuts is the narrowing of the Choice/Select boxed beef spread. As of February 7th it was 3.82. Also the difference in the price of high end cuts Primal Choice rib sections are just $16.71 over Select rib sections and Choice primal Loin sections are $7.91 over Select Loin sections. Consumers aren’t buying steaks and expensive roasts.
Compared to a year ago, weights are up 2 to 2.5 pounds but with slaughter down, the increase in weight isn’t producing more pork. Packers are limiting the pork offered on the daily market. Limiting the kill and the availability of pork keeps pork prices higher.
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