Market Update: Beef

by | Apr 20, 2012

Demand for Beef remains a concern again with boxed beef as high fuel prices and a lack of retail features is keeping Beef demand less than expected. Grinds continue to struggle in the wake of the negative press coverage of LTFB (Lean Fine Textured Beef). One producer of this product has suspended operations in three of their four processing facilities. Another company filed for bankruptcy protection citing the LFTB controversy Production is projected to be steady to possibly lower as many packers have scheduled maintenance over the next few weeks to keep production levels low until demand picks up.

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