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Corned Beef & Cabbage & Inflation
Manage episode 405391972 series 3011013
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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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