Beef, Veal and Lamb Report

July 2, 2009

View Beef, Veal and Lamb Report (pdf)

Beef production last week declined .3% and was 6.1% less than the previous year. The beef markets remain relatively depressed, although Fourth of July Holiday feature activity is boosting interest for ground beef products. Ground beef forward negotiated sales last week for delivery in mid July and beyond were the 3rd largest for any week in the last 30 months. Thus, some upward pressure may be forthcoming on the ground beef and trimming markets. History suggests that top butt, loin and rib prices may move modestly higher during the first 2 weeks of July.

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