Livestock Marketing Information Center

Current Situation and Analysis
Last Updated: 2/1/2019
RIB & LOIN UNDERPIN HIGHER BOXED BEEF CUTOUT

        The comprehensive cutout is 3% ahead of a year ago in the month of January, averaging $213.21 per cwt. The end of the holiday season should have brought about seasonally higher chuck and round primal values, but in the first four weeks of the year, chuck, round, and flank primal values have been the only cuts lagging.


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CHICKEN INDUSTRY PROFITABILITY IMPROVES AS WINGS FLY HIGHER

       The chicken industry has struggled with profitability since the second half of the summer quarter.  Wholesales prices for wings and breast meat sank to the lowest values in years. Consumption did not keep up with increased production, leading to unprecedented large holdings of product in cold storage.  Industry economics vary, depending on bird size, product form and distribution channels. The majority of production goes into deboned and further processed products and this is where problems have been most severe.


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MILK OUTPUT PER COW GAINS STABILIZING

        Milk cow productivity is showing signs of increasing at a slower pace than has been typical since the start of the new millennium. USDA-National Agriculture Statistical Service (NASS) has not released data on milk production for December yet, but after the first eleven months, the total for the year is on track to be up slightly more than 200 pounds per cow, or about 1%, from 2017. In 2017, milk cow output increased 166 pounds per animal. Since 2010 the annual average increase has been 271 pounds and since 2000, the annual increase has been 279 pounds.


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