David Maloni, ArrowStream's commodities expert, noted the domestic 90 percent beef trim daily settlement market reached its highest level in 20 months.
"This is due, in part, to smaller cow and bull slaughter," said Maloni. "The six-week total is tracking .4 percent above last year. With dairy cow slaughter expected to temper in the back half of this year, there are concerns about total cow slaughter. Add to this the likelihood of the U.S. exporting more cow cuts in the coming months, and lean-beef trim prices are likely to remain supported. The good news for buyers is that seasonal tendency in lean-beef prices after its late-spring/early-summer peak is lower. The domestic 90’s market average in December has been unchanged to below the summer/spring peak in 10 of the last 11 years."
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