market prices

Beef harvest continues to stay steady, but well below average compared to last year. Top rounds are moving up quickly while middle meats, loins, and ribeyes continue a steady pattern moving up. Buy what you need.
The corn surplus is expected to support new biojet fuel technology, so we are not seeing it get below $4 as expected. Soy is holding steady and wheat continues the same story from the last couple of weeks.
Poultry pricing stayed pretty steady but should be moving up next week on all chicken products. Demand is strong. Only two new reports of Avian Flu were reported affecting 160 birds.
Bellies moved slightly higher, but we may see this market hang around the $120-125 range for a while. Butts are moving up, loins are a great value, and ribs continue to move higher.

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Grain prices are decreasing, which is good news for food processors and animal production. 
Beef production is being reduced, which has caused prices to rise for most items except for ground beef, which is getting cheaper. 
Chicken production is strong, and prices are unlikely to change in the coming weeks. However, eleven new cases of Avian Flu were reported, which affected 92k birds, mostly turkeys. 
Finally, pork production is abundant, and there is plenty of product available. Of course, loins continue to be a great value.

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Beef harvest is down for another week with expectations of going below 600k next week. Packers are lowering the harvest to keep inventories tight and push prices up. Next week should be a good buy opportunity. The next move will be higher prices for pretty much every item.
Chicken pricing continues on the current trend upward. Only two new cases of Avian Flu were reported, affecting 21,000 turkeys.
Corn is headed towards breaking that below $4 barrier. Soy is bouncing up and down. Wheat is moving lower.
Bellies closed just up from last week, but we still have a little more time before the big move higher starts. Butts are gaining more support, loins are still a great value, and ribs could actually get pricy moving into the summer.

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Beef demand is not keeping up with beef production. Packers have more product than they can move without discounting and they have no interest in discounting. Buy what you need, there isn't much risk to the upside.
Wings continue to increase even after the Super Bowl. Breasts and tenderloins move higher as well. Demand is strong for fresh poultry and production is about on par with last year which will keep pushing chicken higher. Three new cases of Avian Flu were reported affecting 32,500 turkeys.
Corn closed at $4.19, the lowest it's been in four years. Grains are a bright spot in commodities.
Bellies closed at $1 lower than last week. This market shouldn't move much lower, so buy what you need. Loins are a great value, butts are steady, and ribs are showing great strength.

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Beef demand is not strong. Harvest was up this week, but we shouldn't expect that to last. Buy what you need, you may find a bargain or two.
Chicken wings will hit their peak on Sunday, so pricing will move higher next week. Breasts are holding steady and tenders are moving up. Three new cases of Avian Flu were reported affecting 102,000 birds.
Corn is down again this week, which is great news. Soy is bouncing up and down and wheat is holding steady. Grains are in a favorable condition.
Bellies are down from last week. There should be a buy window soon, but it will only last a week or two before they start their seasonal move upward. Butts are lower, loins are steady, and ribs are showing some support. Pork production is strong. Always a great time to menu pork.

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Starting with grains this week, corn is moving lower again and it's probably not done. This is good for everyone (except corn farmers). Soy and wheat are in the same mode.
Beef harvest is holding up pretty well, but retailers are not interested in beef at the elevated prices pushed by recent storms. Prices are moving lower on most items, except ground beef, which should continue through February. Still a buy-what-you-need strategy.
Only one new Avian Flu case was reported last week. In poultry, wings are moving higher, tenders are moving up, and breasts are holding steady. Production is about the same as last year and demand is good.
Bellies showed no change this week. They should decline into February. Loins are the best value in protein. Pork production is recovering nicely.

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Beef production recovered nicely after the winter storm disruptions. Packers pushed pricing up pretty quickly, but this doesn't seem sustainable into February. The quick rise prices should move lower towards the end of the month, with middle meats being an exception as they have already bottomed out.
Chicken pricing is moving higher as expected. Production is about 1% higher over last year and the demand is on par. Five new cases of Avian Flu were reported affecting 313,000 birds.
Bellies are on the rise, but we're hoping to see a small buy window in February before prices move even higher this summer. Butts, ribs, and loins are all still a great value. Pork production rebounded nicely last week.
Grains are in good shape and the CME had a quiet week.

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Multiple storms in the Midwest have turned the beef market a little more quickly than expected. The decline in the middle meats should last one more week. We'll most likely see increases in the last week of January. Next week is the time to buy middle meats, everything else is buy it now, it will cost more money later. 
Chicken is up again for next week with wings, random breasts, and tenders all moving higher right up to the Super Bowl, but this year will be "reasonable" compared to previous years. On the Avian Flu front, it was a pretty quiet week. Let's hope for more continued good news there.
Bellies are up from last week, so if you were waiting to buy bacon in a declining market, you just missed it. Pricing will most likely continue to increase, but butts and loins are still a great value in pork.
Corn and soy harvests yielded more than we assumed. This has pushed pricing down. This will be an interesting market to watch this year.

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Bad winter weather in the Midwest had big effects on beef production. Two major packers idled plants completely and several were only running one shift. This will tighten availability. If you need middle meats, buy what you need. Other cuts will be better to buy sooner than later.

Chicken production was up slightly. Wings, breasts, and tenders are moving higher but chicken is still a good protein buy. Ten new cases of Avian Flu were reported affecting 1.6 million birds.

Pork bellies closed over $100 this week. With production slightly up and headcount slightly down, plenty of pork is still available at a good value.

There is plenty of corn for food, feed, and fuel. Soy demand is lacking, driving prices lower.

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Happy New Year!

In the beef market, we are seeing the seasonal market correction for ribeyes and tenderloins begin. Buy what you need weekly knowing that next week will probably be a better value. Chucks, rounds, and grinds are moving in the exact opposite way.

Chicken pricing is moving higher this week with an expectation that this will continue. Only two new cases of Avian Flu were reported affecting 1,400 birds. 

Bellies are moving higher and this will probably continue through winter, but pork is still a great value.

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Beef harvest was up from last week. Middle meats, ribeyes, and tenderloins should see their peak prices before moving lower after the New Year. If you need rounds, chucks, and grinds, buy now.

21 new Avian Flu cases have been reported affecting 2.3 million birds. Pricing in chicken is moving up, but is nothing to be concerned about.

Surprising all of us, bellies closed lower than last week at just $80. The pork complex continues to show great value.

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Beef harvest continues strong through the peak holiday season. Middle meats are moving up again for next week which hopefully means there is nowhere to go but down from here. The value in beef is in rounds, chucks, and grinds. 

We are still seeing new Avian Flu reports with 11 new cases this week affecting over 3 million birds. In chicken, party wings are moving lower while breasts and tenders are holding steady. Chicken is a good protein value. 

Pork bellies closed at $83, down just a bit from last week. We may be at the end of this cheap belly cycle.

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We are in peak holiday season for beef pricing. Harvest was up this week but demand seems to have adjusted to the lower harvest numbers. Hopefully we'll see the market make some big changes after a couple of weeks. There were 13 new Avian Flu reports over the last week affecting 836,000 birds. None of this is good news as chicken flocks and turkeys are taking big hits. Pricing on chicken continues steady and chicken remains a good value in protein despite this unfortunate news. In pork, now is the time to buy bacon. Everything is priced nicely for pork to be a featured value protein. In grains, everything is looking good with good crops coming from the US, Europe, and Australia. In dairy, we can expect pricing to move up as the milk supply tightens.

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In the past two weeks, the Avian Flu removed close to 5 million birds from the food supply. Cases have been confirmed in 26 states so far. We're keeping an eye on the situation. Chicken production and pricing remain similar to past weeks. Middle meats are creeping higher in beef, and rounds, chucks, and grounds are coming down. Briskets have shot up as well. If you need beef, buy now. Pork bellies continue in bargain mode. Corn harvest is done with a record crop and pricing moving lower. Soy is holding steady and wheat has moved a little lower. 

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Beef production is down again from last week and last year. Middle meats are moving up a bit, while the others are due for some lower pricing. Bellies closed at $98 and will most likely stay in this area. Avian Flu has new numbers this week, and they aren't good. Not a trend we want to see. Pricing on chicken is mostly holding steady. Grain harvest is still looking good with exports picking up in corn. Dairy is once again flipping on us. Product is available, but pricing should reduce to spur export demand. Have a great Thanksgiving holiday!

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The beef holiday items are all moving higher for next week. We’ve been saying it for months but the lower beef production will continue into next year.  If you are in the market for beef, buy now, next week will cost you more money.  Pork production continues strong and pricing is attractive. Chicken production is down again this week, but pricing continues to move lower. Corn and soy received huge reports from the USDA this week which could continue to drive prices down. Good news on the grain front. Dairy markets are all moving lower with more downside to come, hopefully. 

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Avian Flu is back this week with five new cases reported, totaling a loss of 379,000 birds. Hopefully, this will be isolated and short-lived, but we’ll keep watching. Chicken production is down another 3% making the supply tighter, especially in wings. The dairy markets are finally cooling off. Beef harvest was up this week but is still much lower than last year. Expect prices to start moving higher. If buying, sooner is better than later. With pork production up, we are seeing pricing move lower on almost everything. There is good supply and good demand.

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Butter has set a record high every day since last Wednesday. In beef, we are still seeing tight supplies and restrained production. Ground beef is moving higher but everything is else is moving up in preparation for the holidays. We are seeing lower production in poultry as well. Breasts and tenders are moving lower and wings are holding on to recent gains. On the avian flu front, one new case was reported affecting 70 birds in Idaho.  Pork production picks up this time of year and is really putting a damper on any market moves higher.  Ribs and loins represent very good values.  

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Beef production has been restricted for months now and this doesn't seem like it's going to change. The traditional holiday spread seems to be starting early this year. Strip loins are the bargain on middle meats. Poultry pricing continues higher as well, with a potential for more upside on wings. One week of corn below $5 was all we got. Large crop expectations in grains should keep these markets in check. Pork belly pricing is up from last week, but still reasonable. If you need bacon, buy it. Butts, loins, and hams make moves higher as well.

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Year to date, beef harvest is down 4.2% and this will continue into 2024. It's a tough time to buy beef with prices moving up in almost every category. Poultry prices continue higher again for next week as well. We've almost gone a month with no new Avian Flu cases reported. Corn has finally fallen, which is good news for everyone in the food business. Pork bellies closed at $114 this week which is $52 down from last week. It's buying time again. Butts, loins, and ribs are all great options too. Pork is a good buy in protein. The dairy market is back at it with a few moves higher.

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