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Wings Down Again
Manage episode 434591897 series 3011013
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The CME has been on a tear with barrel pricing reaching levels we haven't seen in over two years. This market will continue to move higher. Get in front of your demands.
Beef production numbers are down and demand is too. Pricing is softening on middle meats while grinds, chucks, and rounds hold the market up the best they can. We will be dealing with this higher-expense market for a while.
Some good news, there were no new Avian Flu cases for this week. In poultry, wings are down again while breasts are moving higher. Production is up, so inventory is good.
In pork, bellies are up this week after crashing last week. Butts and loins are a great value. Ribs are holding steady. The next move in pork should be lower.
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