The chart of the week is major protein market trends. What kind of influence has the recent financial market turmoil had on the protein markets? As one can tell from the chart below, choice beef, pork and chicken prices have all moved significantly downward since the financial markets debacle intensified in mid September. Why you ask? Demand particularly from the food service sector but also from retail has been sluggish to say the least. Yes the pork and chicken markets are typically declining… Continue
Added by David Maloni on October 24, 2008 at 4:06am —
The chart of the week is weekly chicken production. Poor chicken producer margins that we have documented since last winter have finally led to a downturn in chicken production. Chicken output for the week ending October 4th was 3.9% smaller than last year. In the 2 weeks before that, chicken production was roughly 2.4% less than 2007. So far the bullish impact on the chicken markets has been tepid. Chicken wing prices have moved roughly 5% higher in recent weeks. However, chicken breast and… Continue
Added by David Maloni on October 10, 2008 at 10:57am —
The chart of the week is US pork production. As one can tell from the chart below, pork production typically increases during the fall. As pork production seasonally increases into the fall the value of the pork cutout (index of pork prices) typically moves lower. Usually somewhere around 10% lower. Thus the coming weeks could be an opportune time to look at long term pork contracts. Why? Well first, a reduction in the swine breeding herd is expected to lead to a downturn in pork production in… Continue
Added by David Maloni on September 12, 2008 at 3:34am —
The chart of the week is recent USDA choice beef cutout and primal market average increases compared to the prior year. The USDA choice boxed beef cutout index is released daily and is used as an indicator of overall choice beef prices. The primal markets are indexes of the different sections of the bovine carcass. For the most part, the restaurant industry typically focuses on two primals, the ribeye and loin which produce most of the tender steaks that consumers enjoy at home and at… Continue
Added by David Maloni on September 4, 2008 at 2:26pm —
Question: When is news not really news?
Answer: When it’s the same old story, only slightly different details each time.
Last week Whole Foods initiated
a multi-state recall of E.-coli-contaminated ground beef meat originating from vendor Coleman Natural Foods, who, in turn, relied on Nebraska Beef as a meat source. The U.S. Department of Agriculture has been investigating… Continue
Added by restaurantdotorg on August 14, 2008 at 5:40am —
The chart of the week is monthly milk cow slaughter. June milk cow slaughter was slightly larger than a year ago but was basically even with the June prior 5 year average. Now one may think when they see this chart that the data is relatively uneventful. But uneventful data can be as newsworthy as sharp volatile swings sometimes. How so? Well the trade has been anticipating a reduction in the milk cow herd for some time now leading to slower milk production growth and tighter milk supplies.… Continue
Added by David Maloni on August 1, 2008 at 8:48am —
As I wrote just over a month ago, the beef markets typically depreciate after the Memorial Day Holiday. And if you are a regular reader you would probably tell me that you are still waiting for the beef markets to decline. My reply would be, “So am I.” The beef markets have appreciated considerably since mid June climbing to their highest price levels in some time. Pretty impressive given the “challenged US economy” and $4.00 gasoline. Why are beef prices so high? Good question and I don’t… Continue
Added by David Maloni on July 10, 2008 at 12:00pm —
The chart of the week is the weekly USDA choice boxed beef cutout which is an index of choice beef prices. The choice boxed beef cutout has hovered at relatively inflated levels for roughly 8 weeks after trading at historically low levels earlier this year. As noted in the Weekly Commodity Report, the USDA choice boxed beef cutout is anticipated to depreciate during the next few months. Why? Well weekly beef production typically rises into the deep spring remaining relatively strong well into… Continue
Added by David Maloni on June 5, 2008 at 10:08am —
The chart of the week is US weekly sow slaughter. As I shared last week, broiler (chicken) egg sets have been in a decline during the past month and have fallen appreciably below year ago levels as chicken producers attempt to ration supplies in order to pressure chicken prices upward to account for the increase in feed costs. And as also as I shared last week, the chicken industry was not the only trade that was beginning to adjust production level plans. Hog producer margins, like the chicken… Continue
Added by David Maloni on May 8, 2008 at 11:38am —
The chart of the week is percentages of cattle grading choice and prime. As noted in recent issues of the Weekly Commodity Report, the percentage of cattle grading choice has trended well above prior year averages. During the past month, the percentage of cattle grading prime has climbed as well. With the increase in the percentage of cattle grading at premium levels we have experienced a notable surge in premium beef output. Thus the USDA choice boxed beef cutout index (a general indicator of… Continue
Added by David Maloni on April 17, 2008 at 2:25pm —
Hi there: I am in the middle of starting up a BBQ Spice, Sauce and Hot Sauce Company and doing a little bit of research. Hence I thought I would ask you and your pallette to help me out.
Added by Adam R. Cox on March 1, 2008 at 4:40pm —
About 143 million pounds are targeted, but the amount may be much greater due to processing methods.
Added by Judy "the foodie" Asman on February 17, 2008 at 5:07pm —
ReMARKable Palate #125: Brandt…
Added by Chef Mark Tafoya on January 20, 2008 at 12:32pm —