THE MEAT MARKET - JANUARY 25.2021

Good Morning - I hope you had a good weekend; buyers are slowly making their way to the dance floor once again after a week or two of sitting on the sidelines. Beef and pork markets have popped; buyers who did not get covered through Q1 are scrambling as packers far and wide raised prices in unison. What is driving higher prices? Feed? Exports? A.S.F? Demand? Likely all of the above and then some! The USD remained under pressure this week which will likely continue to be the case due to stronger commodities pricing (Oil). A somewhat normal transition of power in the US this past week could be the start of a new view on US trade policy. How could this affect the flow of US beef and pork into export markets? Particularly China.

Retail Ads for the current week were “value” driven in both the US and CAD. Retailers opted to go with pork and beef rounds/grinds while poultry and beef grilling cuts took a back seat! Pork ribs (Spare + Loin) were both used this week as lead items across conventional and hard discount formats. Interestingly enough; these ribs which were likely booked 4-6 weeks ago are now being sold @ retail at par with their wholesale prices - Just another sign of the strength we have continued to see across the pork ribs 

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PARA ACCESSO SEMANAL A EL MEAT MARKET; FAVOR CONTACTARME POR CORREO A [email protected]