Bacon, Beef, & Brinker

Grain markets, mostly higher last week and on pretty much a tear during the last several weeks due in part to rising crude oil prices.

Grains and oil seeds tracking well above a year ago.

We're going to dig into that more in a moment with John, including the growing season.

Dairy markets mixed last week.

Butter and nonfat dry milk lower.

Cheese higher.

As a matter of fact, blocks up 16% in the last month.

And they are at their highest levels since November 2020.

Pork output last week down 1.4% from the prior week, down a tenth of a percentage point from last year.

Year to date is up near 1%.

That's output.

Markets were mixed.

The cutout think index of pork prices was higher, but that was almost entirely driven due to firmer belly and ham markets.

And we're going to talk about more about bellies or bacon in a moment with John.

Chicken output last week was approximately 2% higher than a year ago.

Markets are mixed with some trying to find at least some short-term support.

Breast tenders, leg quarter markets, all flat.

Wings continue their upward course.

Thighs meet lower.

And then check this out.

Table legs rose to their highest levels since March.

But still pretty engaging there, folks.

Beef.

Output last week, up 0.6% from the prior week, down only 2.2% from a year ago.

Year-to-date output, down near almost 6%.