Holiday trading patterns impact this week's wholesale beef, egg and seafood markets
SEAFOODNEWS.COM [Urner Barry] by Jamie Chadwick - December 17, 2014
Following is a weekly recap of some of the major market developments from around the beef, pork, poultry, seafood and egg industries from Urner Barry Newswires. The commentary is based on reports from Urner Barry's market reporters.
In the beef complex, the cutout, which represents a composite value of the carcass based upon prices paid for primal cuts, was under pressure last week as high retail prices lead to weak consumer demand as other lower cost protein options compete with beef cuts. The Choice cutout fell $6.49/ per hundred weight (cwt), or -2.56%, from the previous week. Holiday buying seems to be complete, and packers were clearing excess product at a discount...
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