Breast meat and related whole muscle lines are in very good shape with a well-founded undertone. Based on the events of last week, trade sentiment is on the bullish side. Thigh meat is steady to full steady as we await further market developments to clarify near term direction. Whole bird and canner reports mimic those of last week with an improved undertone based solely on a slightly more visible call. Necks are possibly higher while hen drums are short and wanted.
Tails are in excellent overall shape with the same being true of hen two joint wings.
Cattle are running light and the grade has deteriorated. Availability of heavier cuts is limited. The spread between choice and select strips and tenders is huge. Normally, spreads as large as we are currently seeing them correct themselves as more customers switch to lighter cuts and even select grade in some cases. Ribs look steady at the moment, but we could see some weakness in the lighter cuts.