February Meat Market Update

Expect a lot of fluctuation in the market this week... Some for the better, some for the worse.

STRIPS:
Strip Loins were mixed again last week. This week, that same trend has continued through three days of trading. Analysts expect Loins to decrease slightly in the short term, then regain steady momentum going into the spring.

TOP BUTTS:
Top Butts were mixed last week, with Choice grade being down moderately. This week, Select grade is down slightly, while Choice grade hasn’t had any trades after three days.

TENDERLOINS:
Tenderloins continued to see significant declines last week, but this week that trend has reversed, and both grades are up moderately after three days of trading.

RIBEYES:
All grades of Light and Heavy Ribeyes, except Ungraded, were down last week. This week, that trend has reversed, and all grades are showing increases after three days of trading. The Light and Heavy Ribeye market is expected to remain soft in the short term, then start to show steady increases going into the spring, according to analysts.

FLAP MEAT:
Flap Meat was mixed again last week, with Choice grade showing price increases and Select showing a decline. After three days of trading this week, that same trend has continued.

FLANK:
Both grades of flank steaks were down last week. This week, that trend has reversed and both grades are showing an increase. Analysts expect the flank steak market to show steady increases going into the spring.

BRISKETS:
All grades of Briskets were down last week, and that same trend has continued so far this week. Analysts expect the market to continue to decline slightly in the short term.