NOW TRENDING: TAKE-OUT/TO-GO INFORMATI... VALRHONA PRODUCT PACKAGI... ADJUSTED HOURS NEW LOCAL PRODUCTS COMIN... MENU VENDOR REBATES MARKET REPORT THIS REPORT REPRESENTS INFORMATION FOR THE WEEK ENDING NOVEMBER 19, 2021. Beef Pork Chicken Turkey Seafood Cheese Butter Eggs Soy Oil Flour/Wheat Rice Sugar Coffee Canned Goods (Domestic) Market is unsettled. Total beef production for last week was up 0.7% versus the prior week and was down 1.4% compared to same time last year. Total headcount for last week was 655,000 as compared to 657,000 for the same week last year. Live weights for last week were even with prior week but down 12 lbs. from same time last year. The market has moved into a more unsettled tone with both higher and lower prices being seen from packers on multiple cuts over the past few weeks. Available labor in the plants has been a concern for some time and is something to keep an eye on as we move thru the coming weeks. Availability of Choice and higher graded product is expected to be in lighter supply over the coming weeks and is expected to put pressure on availability and upward pressure on pricing for those buyers seeking the higher graded product. Forecasts are showing that beef production for Q4 will be below Q4 of last year and this combined with the falling grading percentages are expected to keep pressure on availability of product. Live cattle prices have continued to push higher and have been trending well above the 5-year average for the past several months. CME Futures contracts point to expectations of higher priced cattle as we move into early next year. Lighter availability at the retail level has been reported and could have an impact on the market as retail buyers try to cover their needs over the coming weeks. Production will be impacted over the coming weeks with reduced holiday schedules, and this is expected to put pressure on availability of multiple cuts. Overall demand is typically lighter right ahead of Thanksgiving as consumers focus on other proteins for the holiday but seasonally improves as we move forward. Grinds- Market is unsettled. A reduction in lean beef imports and a strong demand for ground beef has helped to push the market higher over the past few weeks. Reduced production over the coming weeks typically puts pressure on availability thru the holiday season and into the new year. Loins- Market is mostly steady. This market typically sees lighter buying activity as we move thru the coming weeks as demand seasonally shifts to other cuts. Rounds- Market is mixed. Availability is mixed between the packers and there have been both higher and lower asking prices between the packers on the different cuts as this week progressed. Chucks- Market is mixed. Inventories vary between packers with both higher and lower prices being seen as we moved thru this week. This market typically sees upward pressure over the coming weeks as cooler weather sets in across the country. Ribs- Market is unsettled. Availability is mixed between packers with larger gaps being seen in asking prices. Availability of choice product is more limited due to the grading percentages. Typically, this market is unsettled for the next few weeks before seeing upward pressure again as we move further into 4th quarter. Some packers have announced that they will be limited on product thru the holiday season this year. RECENT POSTS Take-Out/To-Go Information Valrhona Product Packaging Updates Adjusted Hours NEW LOCAL PRODUCTS COMING APRIL NEW TEAM MEMBER Featured Products New Products Special Team Members WE'RE SOCIAL TOO PROUD MEMBER OF 1 2 © 2021 MERLINO FOODS. ATTILIO A. MERLINO & ASSOC. INC. ALL RIGHTS RESERVED