Food Business News - August 7, 2018 - 78
earlier, the U.S.D.A. said. The number
of beef replacement heifers was down
2% from a year ago, indicating ranchers
were not expanding their herds. Cattle in
feedlots of 1,000 head or more on July 1
totaled 11,282,000 head, up 4% from a year
ago and the highest for the date since the
data series began in 1996. June placements
of cattle into feedlots and marketings both
were up 1% from a year ago.
June 30 stocks of frozen beef and
chicken increased sharply from a year ago
with pork up slightly, the U.S.D.A. said.
Beef stocks were up 8% from June 30, 2017,
pork stocks were up 0.2%, and chicken
stocks were up 10%. Some attributed the
jump in beef and chicken stocks to a slowdown in exports due to retaliatory tariffs
on U.S. exports.
The U.S.D.A. beef cutout value fell to
fresh 2018 lows, mainly on sharply lower
The U.S. cattle inventory on July 1
loin prices, and was slightly below the yearwas 103,200,000 head, up 1% from a year
ago level. The pork cutout value declined
to 12-week lows and was 25% below the
year-ago value with ham prices firmer
during the past two weeks but most other
f.o.b. shipping point, $ per lb
- Change from -
ago trimming and cut prices lower. FBN
Growers prices Aug. 3
Peanuts in the eight major states were
86% pegging as of July 29, slightly ahead
of 85% as the five-year average for the date,
the U.S. Department of Agriculture said in
its weekly Crop Progress report. The crop
was rated 69% good to excellent, down
from 71% both a week earlier and a year
ago, with 23% fair (23% last year) and 8%
poor to very poor (6% poor last year).
Irrigation was increased for almond,
pistachio and walnut trees due to high
heat, the California U.S.D.A. field office
said. Almond hull split was underway but
was slower than usual.
U.S.D.A.-posted prices were lowered
for Valencia and Virginia peanuts but
raised for Spanish and runner varieties. FBN
Meat and Poultry
Peanuts, raw, Ga.
Dry Edible Beans
Dealer prices of dry edible beans
were mixed with pinto and great northern
Peanuts (U.S.D.A. national posted prices, 2017 crop, c/lb)
beans steady to $1 a cwt higher but navy
and black beans lower from the most
-.03 21.52 recent quotes. Trading remained slow.
Dry edible bean good-to-excellent
ratings ranged widely as of July 29 with
Michigan at 54%, Minnesota at 83%,
North Dakota at 81%, Wyoming at 98%,
Colorado at 49%, Idaho at 68%, Washington at 89% and Oregon at 51% (all good).
Crop progress was ahead of the average
pace in most states.
Grower values for dry peas and lentils
were steady in Washington and Idaho,
with dry peas weaker and lentils steady in
North Dakota and Montana. FBN
Processing apple prices were unquoted except in Washington, where canning
and juice apples were unchanged amid
light offers and moderate trading.
U.S. 2018 apricot production was
forecast at 39,800 tons, down 13% from
2017 and the lowest since 1999 due to
pollination issues from variable February
temperatures, the U.S.D.A. said.
Frozen concentrated orange juice
stocks on June 30 were 733,760,000 lbs, up
35% from a year ago, the U.S.D.A. said.
The processing tomato harvest was
off to a slow start. An estimated 940,593
tons were harvested as of July 21, down 9%
from the same date last year and the lowest
total for the date in about two decades,
according to the California Processing
Tomato Advisory Board.
Tomato paste prices were steady. FBN
Food Business News
August 7, 2018