BEEF TRENDS

Farmer's Report

Beef Trends - December 3, 2021

All current beef pricing trends are based on USDA data as of December 1, 2021. Last week’s trends refer to the USDA market for the week ending November 26, 2021.

Live cattle sold mostly between $1.34 and $1.38/lb. last week. Live cattle are expected to remain steadily priced this week.

Last week’s slaughter was about 566k head, which was down slightly over the previous week due to the short holiday week.

For grading the week ending November 20, 80.8% of cattle graded Choice or higher,16.1% graded out as Select, with the remaining 3.1% being Ungraded.


GRINDS

GROUND CHUCK:

Ground Chuck was flat last week, but is down after three days of trading this week. Grinds are experiencing softness in price, but analysts expect the market to steadily increase over the next several weeks.

GROUND BEEF 81/19:

81/19 Ground Beef traded down last week, but is flat this week after three days of trading.

GROUND Beef 73/27:

73/27 Ground Beef was down last week and continues to be down through three days of trading this week.


ROUNDS

PEELED KNUCKLES:

Choice Knuckles were down last week and continue to be down after three days of trading this week. Prices are expected to continue to decrease, according to analysts.

INSIDE ROUNDS:

Choice Inside Rounds were down last week, but are up this week after three days on limited trading.

BOTTOM ROUND FLATS:

Bottom Round Flats traded down last week and have continued to decline after three days of trading.

EYES OF ROUND:

Eye-of-Rounds were down last week and continue to be down again this week. Analysts expect Eyes of Rounds to continue to decline, then begin to steadily increase into January.


LOINS

STRIPS:

Choice Strip Loins were down last week, and continue to be down this week after three days of trading. Select grade was up and continues to increase this week after three days of trading.

TOP BUTTS:

Top Butts traded mostly down last week and have had very limited trading on both grades after three days this week.

TENDERLOINS:

Both grades of Tenderloins were down significantly last week, but Choice grade is showing an increase after three days of trading this week.


RIBS

RIBEYES:

Both grades of Light and Heavy Ribeyes were up last week, but all have shown significant declines through three days of trading this week. Analysts expect the declines to continue over the next several weeks.


CHUCKS

CHUCK ROLLS:

Choice Chuck Rolls were down last week, while Select grade was up slightly. Both grades are down this week after three days of trading.

TERES MAJORs:

Teres Majors were down modestly last week. Prices are up slightly on limited trading so far this week.

BRISKETS:

Briskets were trading up last week, but have declined through three days this week. Analysts expect pricing to steadily increase over the next several weeks.


THIN MEATS

BALL TIPS:

Both grades of Ball Tips were down last week and are mixed this week after three days of trading.

FLAP MEAT:

Flap Meat trading was up modestly last week, and the market continues to be up again this week.

FLANK:

Flanks were down last week, and both grades have continued to decline this week. Analysts expect continued declines through the next few weeks.

SKIRT STEAK:

Outside Skirts were down last week, and have continued to decline this week.

The data contained in the Farmer’s Report is provided for informational purposes only, is not tailored to your specific purchasing needs, and is not intended as a substitute for any other publicly-available market data or information. The Farmer’s Report is compiled from the last-received market data provided by the United States Department of Agriculture (USDA) and/or other market sources, and is subject to change without notice. Nothing herein is the opinion of US Foods®. US Foods neither assumes any legal liability nor makes any warranty or guaranty, either express or implied, regarding the completeness, accuracy or usefulness of this information.