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Stock Up for Cinco de Mayo
Manage episode 410834751 series 3011013
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Avian flu has spread to dairy cows in six states. Affected milk is being destroyed, but pasteurized milk remains safe for consumption. Three new cases of Avian Flu in chickens were reported, totaling 3.8 million birds. This shouldn't significantly impact availability or pricing, but chicken prices continue to rise weekly.
Beef production is still down and demand is creeping up, putting pressure on the supply chain. Prices on skirts, sirloin flaps, and flanks will keep climbing, especially with Cinco de Mayo coming up. It might be smart to stock up for a few weeks.
Planting begins this month for corn and soybeans. Corn closed yesterday at $4.24. Soy continues to look good. Wheat continues to be well-supplied and market soft.
Overall pork production is ahead of last year and demand is holding up pretty well. Bellies closed yesterday at $120, so we're still waiting for that spring increase to start.
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