MILLIONS 07-Jan 28-Jan 18-Feb 11-Mar 01-Apr 22-Apr 13-May 03-Jun 24-Jun 15-Jul 05-Aug 26-Aug 16-Sep 07-Oct 28-Oct 18-Nov 09-Dec 30-Dec Thousand Head 07-Jan 28-Jan 18-Feb 11-Mar 01-Apr 22-Apr 13-May 03-Jun 24-Jun 15-Jul 05-Aug 26-Aug 16-Sep 07-Oct 28-Oct 18-Nov 09-Dec 30-Dec $/CWT Meat Price Outlook MPO15-29 Update and Forecasts for Livestock, Meat and Poultry Professionals Jul 24, 2015 270 260 250 240 230 220 210 200 Choice Cutout Beef News and Trends: The downward spiral in beef prices continued this week, but at a more moderate pace, with the blended cutout slipping to near $230 at week s end, down about $2 from last week and nearly $25 under the late June peak. Amid the continuing slide in beef prices and deteriorating operating margins, bidding interest on this week s showlists remained tepid, while the strong basis spurred seller interest, culminating in a lower cash trade, which slipped to $145, compared to mostly $148 a week earlier. USDA s monthly Cattle on Feed report indicated a modest rise in feedlot placements during June, at 101% of last year; marketings at 95%; and the July 1 feedlot inventory at 102% of a year earlier. The mid-year Cattle inventory report confirmed aggressive herd expansion efforts are underway. After bottoming in 2014, the July 1 inventory count was over 2 mil head or 2% larger than a year earlier, spurred by a larger beef cow herd, up 3%, and 7% more beef heifers being held as herd replacements. Pork News and Trends: The hog and pork complex was a bit of a mixed bag this week with hogs firming and then setting back again while pork product chopped around in the low/mid-$80 range. Hog producers continue to respond to profitable sales prices with slaughter this week advancing 25K head and staying 13% above year-ago. It appears producers remain in a mindset to kill off additional weight with a strong basis encouraging the movement of hogs now. Weights are now running about 2% under year prior levels although average FI carcass weights are only down a bit from last year due to more heavy sows in the slaughter mix. Key question is how long slaughter levels can continue to post solid double digit growth relative to last year. The Dec/Feb pig crop that is currently being slaughtered was only up 10% yet kills have averaged about 3% higher than that. Accelerated marketings could account for the entire extra hog run OR the USDA pig crop estimates may be grossly understated. 2,400 2,300 2,200 2,100 2,000 1,900 1,800 1,700 1,600 Actual FI Total Hog Slaughter Broiler-Type Hatching Egg Layers, 1st of Month 56.0 55.5 55.0 54.5 54.0 53.5 53.0 52.5 52.0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Poultry News and Trends: Following two years of decline, chick hatchings per layer posted a 0.6% increase during Q4 of 2014 and followed that up with a 0.4% increase during Q1 of this year; however, a 0.2% decline was recorded during Q2. On the surface it might seem as if productivity has stalled again evoking memories from 2013-14 when it suffered as integrators struggled to source replacement pullets in a timely manner and stretched older hens and a primary breeder discovered a genetic defect in a strain of roosters but a closer look reveals that isn t necessarily true. Egg production per layer was up a fairly robust 1.6% from year-ago levels during the April-June time period. While it s difficult to confirm this, Informa believes shortages in the table egg sector from avian influenza have sent processors scrambling into the broiler segment in search of fertilized eggs to use as breaking stock. This is likely to continue for a little while longer, putting a small dent in the forward growth curve. Expansion will still be fairly robust, however, with layer inventories likely to rebound counterseasonally to more than 55.0 million by fall.
MPO15-29 Update and Forecasts for Livestock, Meat and Poultry Professionals Jul 24, 2015 Cattle and Beef: The post-holiday slide in beef prices continued this week, but at a more moderate pace, with the blended cutout slipping near $230 at week s end, down about $2 from last week s close, while nearly $25 under the late June peak. Despite limited fed beef production volumes, down nearly 5% from a year earlier in recent weeks, the steeper than seasonal price slide has been exacerbated by the deep discounts on competing meats, which has diverted promotional interest. After underpinning most of the June rebound, the end cuts also have led the recent decline, although the weakness in beef prices has pervaded the entire carcass with active participation also coming from declining middle meats and fat trim. Amid still historically tight fed cattle supplies, the blended cutout during the past year has generally found support in the $235-$240 range. Although further weakness cannot be ruled out, the rib and round primals have stabilized in recent days and further significant weakness in the chucks and fat trim are doubtful, while the loin cuts may remain on the defensive. Recent price declines may rekindle interest from beef buyers, although still-wide discounts on competing pork and chicken items will pose a merchandising challenge for beef. The sharp plunge in beef prices and tight operating margins likely will continue to temper production plans in the weeks ahead. With the blended cutout expected to find support near current levels, additional downside risk in the fed cattle market may be limited, as well, ahead of a rebound into the fall. Ribs: Spot market volumes on ribs were very good last week, but slowed considerably this week. Some further downward pressure on ribs is expected, heading into early/mid-aug. Buyers have started to look at their fall needs on ribs and tenderloins, and will be approaching packers for forward offers. Packers will be trying to push customers mostly toward volume commitments, on a formula basis. Last fall, the proportion of ribs sold on formula increased through Oct and Nov to historically high levels, leading to very tight spot supplies and sharply higher spot prices. Chuck: Packers appeared to be willing to extend recent pricing in the $300 area on neck-off chuck rolls through Aug, in order to increase their forward bookings. Prices tend to increase seasonally on neck-off chuck rolls through Aug and Sep, into fall peaks in Oct. There was some modest strengthening in the spot market this week, along with larger spot market volumes. Prices on Choice 116A neck-off chuck rolls are expected to get up to the $310-315 area by mid-aug, heading above $320 in Sep. Fall peaks are expected in the $340s. Round: There were large volumes of forward sales last week across all round cuts, especially the inside rounds showing the largest forward volume in 16 months. Packers had to offer product back of the spot market to get the large forward orders on the inside rounds. From the current mid $270s, commodity inside rounds are expected to get up to the mid $280s during Aug, before dropping back into the $270s in Sep. Prices should then move back up into the $280s and $290s for Oct and Nov. A late year rally could take prices above $300 heading into the new year. Choice 171B outside flats are expected to get up into the $280s during Aug, with further advances through Sep, toward $300 by the end of the month. Cattle and Beef Summary Statistics and Market Comments Cattle/Beef ago Week 05 12 2015 2015 2015 TX/OK Panhandle Cattle 163 145 147 148 149 153 156 Choice Heavy Cutout 254 233 235 236 238 241 245 Select Heavy Cutout 249 229 232 233 233 231 232 Cattle/Beef ago Week 05 12 2015 2015 2015 Slaughter (1000 head/wk) 572 539 550 555 558 570 553 Carcass Weights (lbs.) 805 - - - 822 826 827 Beef Production (mil lbs./wk) 461 442 - - 458 471 458 Placements (% CHYA) - - - - 6% 7% 4% Rib ago Week 05 12 2015 2015 2015 Ch 109e Ribeye, Bone-in 646 623 588 604 615 661 685 Ch 112a Ribeye, Bnls, heavy 686 704 667 681 691 731 750 Ch 112a Ribeye, Bnls, light 694 715 695 706 714 756 776 Se 109e Ribeye, Bone-in 580 605 566 576 578 569 566 Se 112a Ribeye, Bnls, heavy 656 697 648 654 656 636 629 Cap-Wedge Meat 321 313 318 321 324 325 320 Chuck ago Week 05 12 2015 2015 2015 Ch XT Chuck Roll, neck off 318 305 307 308 311 320 336 Ch XT Clod 282 272 271 269 273 288 291 Ch 115 Chuck, 2 Piece Bnls 276 307 304 302 305 309 314 Ch 120 Brisket 307 256 258 260 262 264 268 Se XT Chuck Roll, neck off 309 300 303 303 305 312 323 Se 114 Shoulder Clod 265 256 256 255 259 271 274 Round ago Week 05 12 2015 2015 2015 Ch 167a Knuckle, peeled 333 299 310 314 310 308 313 Ch 168 Inside Round 291 275 280 286 284 277 282 Ch XT Inside Round 310 292 297 301 298 287 291 Ch 171B Outside Round 303 271 284 285 285 293 315 Ch 171C Eye of Round 298 295 296 297 298 314 337 Se XT Inside Round 310 288 294 299 296 284 288 Se 171C Eye of Round 299 294 300 303 302 309 327
MPO15-29 Update and Forecasts for Livestock, Meat and Poultry Professionals Jul 24, 2015 Loin: While the tenderloins have held up quite well compared to previous years, there may still be some temporary weakening over the next few weeks. Like the ribs, buyers will be working on lining up fall needs on the tenderloins. Prices are expected to move seasonally higher from summer lows, into fall highs in late Nov or early Dec. Short loins and strip loins have come down a long way from their record highs prior to Memorial Day. There may be some temporary rebound on these cuts in Aug, as retailers look to late summer featuring of loin steaks for the Labor Day weekend. But renewed downside would be expected in Oct and Nov to fall lows. Trimmings: School lunch program, the back-toschool period and feature activity leading into the Labor Day weekend are expected to help boost grinds going into late summer. Beef 50s are projected to show modest gains through Aug and Sep, with fall highs in Nov still remaining well below year-ago levels. Despite continued light cow slaughter levels, domestic 90s weakened into the mid $280s this week. At the same time, imported 90s jumped up into the mid $240s. But this is still keeping the spread between domestic and imported lean boneless beef at wider than normal spreads. Forward asking prices on off-shore lean boneless beef have continued to increase. There could be some modest rebound on the domestic 90s going into late Aug and early Sep, but US cow slaughter will be increasing seasonally as we head from late summer into the fall. Prices should again weaken in Oct and Nov. Loin ago Week 05 12 2015 2015 2015 Ch XT Strip Loin, 0x1, bnls 653 578 560 567 572 550 524 Ch XT Shortloin, 0x1 589 525 527 536 538 526 521 Ch XT Top butt, bnls 394 406 395 390 387 365 348 Ch 189a Tndrln, Trmd, 5-Up 1010 1078 1045 1059 1074 1159 1192 Se XT Strip Loin, 0x1, bnls 591 562 546 540 537 470 423 Se XT Shortloin, 0x1 587 522 524 525 519 457 434 Se XT Top butt, bnls 391 361 362 360 355 322 301 Se 189a Tndrln, Trmd, 5-Up 970 1050 1031 1040 1055 1083 1083 Ch 185a Sirloin Flap 471 485 469 461 465 433 422 Ch 185b Sirln Ball Tip, heavy 328 465 440 423 418 343 307 Ch 185c Sirloin, Tri-Tip 399 399 373 375 378 351 332 Trimmings ago Week 05 12 2015 2015 2015 Imported Cow Meat 90% Ln 263 245 250 256 259 271 277 Imported Bull Meat 95% Ln 280 266 268 271 274 287 293 50% Fresh Trimmings 146 65 66 67 69 74 84 50% Frozen Trimmings 135 76 75 75 77 83 91 85% Fresh Trimmings 267 248 250 254 256 264 257 90% Fresh Trimmings 291 289 287 288 290 290 282 90% Frozen Trimmings 304 295 294 295 297 299 290 73% Fresh CGB 243 174 184 191 196 199 200 81% Fresh CGB 267 223 219 220 227 229 225 Ground Chuck 288 227 226 229 236 244 239 Ground Round 310 314 298 289 294 274 265 Cow Cuts: For the week the cow cutout traded between $224 and $227 and is forecast to move sideways into the middle of next month in the high $220s, 2% lower than year-ago. The US FI cow harvest totaled 93,400 head the week ending July 11th, down 3% from year-ago. The US cow harvest over the last 4 weeks has averaged 89,780, 1.4% smaller than year prior. Over the next four weeks the US weekly cow harvest is forecast to average 91,000 head, 5.8% smaller than the same 4 week period last year. High Low Close Change Live Cattle Aug-15 147.28 142.43 143.03-3.63 Oct-15 149.68 143.48 144.13-5.00 Dec-15 151.68 146.45 147.05-4.17 Feb-16 152.05 147.03 147.65-4.00 Apr-16 151.20 146.50 147.15-3.85 Jun-16 143.85 138.83 139.30-4.40 Feeder Cattle Aug-15 216.73 208.08 209.68-5.52 Sep-15 214.98 205.90 207.55-5.88 Oct-15 213.28 204.13 205.93-5.77 Lean Hogs Aug-15 78.83 74.58 77.68 2.00 Oct-15 65.70 61.75 64.03 0.58 Dec-15 62.75 59.05 61.53 0.85 Feb-16 68.43 65.23 67.73 1.60 Apr-16 72.73 70.70 72.53 1.40 May-16 77.00 75.90 76.63 0.60 Jun-16 80.48 78.50 80.43 1.65 Jul-16 79.50 78.20 79.48 1.63 Cow Cuts ago Week 05 12 2015 2015 2015 B/B 112 Ribeye Roll, 8-10 460 383 401 402 404 399 404 B/B 180 Strip Loin, 9-Up 340 385 340 338 341 335 342 B/B-C/C 190 Tndrln, 4-5 639 663 672 667 670 642 630 B/B 184 Top Sirloin Butt 327 321 322 318 317 287 281 B/B 168 Top Inside Rd, 10-up 294 300 304 300 299 291 289 B/B 171B Outside Round 333 324 330 332 336 343 344 B/B-C/C 167A Rd Knkle,Pld 309 313 320 323 323 314 309 100% Lean Inside Round 344 357 361 360 361 357 364 100% Ln, Flats & Eyes-Combo 335 333 342 348 351 365 373 Cattle Futures Comments: The exodus of large specs continued in mid-july, slashing their long commitment to around 30,000 contracts (futures and options) down from nearly 100,000 in early June. Higher open interest in recent days, coupled with the slide in prices, suggests new shorts have joined the fray as key support areas were breached and new lows were established, reaffirming the market s down trend with nearby futures slipping to the lowest levels in more than a year. After breaching Apr lows, actively traded Oct may have set sights on the Feb lows under $142, although that appears overly pessimistic in an oversold market. The still-strong basis may continue to spur selling interest while the modest premiums on the fall months offer scant encouragement for a strong rebound. Hogs Futures Comments: A big leap in the lean hog futures on Wednesday helped the market to finish in positive territory for the week. With cash hog markets generally flat this week, most of the excitement came from moderate gains in the cutout. The window is closing fast for any reduction in kills and soon market-ready hog supplies will be working higher. That has some market participants on edge and is likely an important reason why the discounts on the Oct and Dec contracts are so large compared to today s cash market. However, as schools reopen and we move past these dog days of summer, domestic demand should strengthen to the point where it effectively offsets the negative impact of seasonally larger supplies. International trade is the wild card. If exports hold up well this summer and fall, then the futures are way too cheap.
MPO15-29 Update and Forecasts for Livestock, Meat and Poultry Professionals Jul 24, 2015 Pork Summary Statistics and Market Comments COPYRIGHT INFORMATION: Copyright 2015 by Informa Economics, Inc. Printed in USA all rights reserved. Under the copyright laws this publication may not be copied, photocopied, reproduced, translated or reduced to any electronic medium or machine readable form, in whole or in part, without the prior written consent from Informa Economics, Inc. Hogs ago Week 05 12 2015 2015 2015 Informa Economics, Inc. produces the Meat Price Outlook based on information which we believe reliable, however National we do not guarantee Lean Hog the accuracy Priceor completeness 131 of the material 79presented. Any 82 opinions 84 or recommendations 83 expressed 81 are based 79 upon information available to us and upon our general experience and judgment of the meat Composite Value, Cutout 133 84 87 87 86 85 87 and commodities markets. Those using the information for trading purposes are responsible for their own actions. Hog Slaughter (Wkly Avg) 1863 2107 2050 2125 2036 2185 2311 THE REGULAR SUBSCRIPTION RATE FOR THE MEAT PRICE OUTLOOK IS $549/YEAR FI Avg Dressed Car Wgts 213 207 207 207 207 208 210 SPECIAL RATE AVAILABLE FOR ADDITIONAL SUBSCRIBERS WITHIN THE SAME COMPANY For further information please call 901-202-4448. Hams, Fresh ago Week 05 12 2015 2015 2015 17-20# Trmd Sel Ham 142 62 65 62 62 75 88 20-23# Trmd Sel Ham 143 60 63 61 62 73 85 23-27# Trmd Sel Ham 142 58 61 59 60 71 85 Hogs/Pork: Pork demand is going to be extremely important to price direction and magnitude across the pork product set for the rest of the year. During the first half, pork demand was above "normal" by our estimates with price weakness back in the Feb/Mar/Apr period due to unexpectedly huge supplies and issues on the export side of the market. Pork is still attractively priced relative to beef and even some chicken items so one should expect at least "average" demand during the summer and fall. Trade could be the determining factor on the demand side as exports during last half 2014 were very weak while imports were strong. A completely opposite situation may occur this year as exports are likely to be solidly above 2014 levels while the strong price magnet for imports has gone away. Could very well be that the change in trade this fall will totally offset the expanded production volumes resulting in a 1% reduction in domestic per capita supplies. If this happens, it will be bullish to the market as futures are trading huge discounts to current values and year ago levels at the moment. Bellies, Fresh ago Week 05 12 2015 2015 2015 12-14# Belly 160 143 153 154 147 119 111 Belly Primal 148 144 147 147 139 112 103 Derind Belly 9-13# 179 176 184 184 176 145 135 Derind Belly 13-17# 184 179 186 184 176 141 131 Loins/Butts, Fresh ago Week 05 12 2015 2015 2015 1/4 Trimmed Loin VAC 171 112 111 114 114 114 116 Bnls CC Strap-on 197 143 146 148 148 154 163 1/4 Trim Butt VAC 175 95 94 96 96 99 99 Ribs, Fresh ago Week 05 12 2015 2015 2015 Trmd Sparerib - LGT 183 168 165 172 172 168 170 Backribs 2.0#/up 265 256 252 250 251 238 227 Trimmings ago Week 05 12 2015 2015 2015 42% Trim Combo, Frsh 83 36 45 44 43 41 38 72% Trim Combo, Frsh 151 68 71 70 70 72 69 Pic Mt Cbo Cshn Out, Frsh 157 77 81 79 78 82 80 Sltr Sows, 500-549 lbs 90 44 45 46 45 43 43 COPYRIGHT INFORMATION: Copyright 2015 by Informa Economics, Inc. Printed in USA all rights reserved. Under the copyright laws this publication may not be copied, photocopied, reproduced, translated or reduced to any electronic medium or machine readable form, in whole or in part, without the prior written consent from Informa Economics, Inc. Informa Economics, Inc. produces the Meat Price Outlook based on information which we believe reliable, however we do not guarantee the accuracy or completeness of the material presented. Any opinions or recommendations expressed are based upon information available to us and upon our general experience and judgment of the meat and commodities markets. Those using the information for trading purposes are responsible for their own actions. THE REGULAR SUBSCRIPTION RATE FOR THE MEAT PRICE OUTLOOK IS $549/YEAR SPECIAL RATE AVAILABLE FOR ADDITIONAL SUBSCRIBERS WITHIN THE SAME COMPANY For further information please call 901-202-4448. Hams: Ham prices worked higher this week, despite large hog supplies and the lack of smokehouse space. The 20-23# hams experienced the largest increase moving from the $53 level late last week into the very $60s this week. The 23-27# hams ranged between $56 and $59 this week, averaging approximately $4 higher than last week. The 20-23# hams are projected to trade sideways to modestly higher through August moving up into the very low $70s by early September. The 23-27# hams are forecast to move from their current level in the high $50s into mid $60s by the same time. Bellies: Belly prices continue skyrocket, escalating to levels not reached since July of last year. Tight frozen stocks, 39.7 million pounds less than year-ago at the end of June, along with strong retail and foodservice interest has pushed the primal above the $150 mark this week, prices not expected to be realized until early August. With the substantial increase in prices since late last month, buyers may step away from the market for a short period of time and belly prices may post a very modest decline over the next week or so before moving higher into August peaks. Loins: The bone-in ¼ trimmed loins moved $3-$4 higher through the week reaching the $115 area at noon Friday. Boneless strap-on loins trade up into the mid $140s during the week, averaging approximately $7 higher than last week. Bone-in loins are forecast to trade back down into the $110 area before moving back up into the $115 by the middle of August supported retail interest ahead of Labor Day. The boneless strapon loins are forecast to move up into the mid $140s by early August followed by modest increases prior to the holiday. Trimmings: Pork trimmings weakened a tad this week, as retailer pipelines began to be replenished. However, this week s decline is expected to be short lived and prices look to head back higher as orders are finalized for Labor Day and packages are put together for Octoberfest promotions. The 42s averaged $36 this week, $2 lower than last week. The 72s were lower as well averaging $2.55 lower than last week at $68. Prices for pork 42s are forecast to move up into the mid-$40s and the 72s are expected to move sideways in the low $70s through the middle of August.
MPO15-29 Update and Forecasts for Livestock, Meat and Poultry Professionals Jul 24, 2015 Poultry Summary Statistics and Market Comments Broiler Market Comments: Whole Broilers: Soaring output, ample freezer stocks, and lackluster retail feature activity are all putting pressure on the whole bird segment. Informa sees the beat-down continuing near-term but expects buyers to start moving in and support the national composite whole broiler market in the low-to-mid 70 cent area with a firmer tone returning this fall as many retailers look to feature whole broilers as a holiday item. White Meat: Egg sets have backed off slightly, which is slowing down the industry s expansionary push just a little, but there s still an abundance boneless white meat coming to market at a time when retailers are struggling to also move significant quantities of chicken dark meat and pork. This means tenders are likely to keep unwinding with b/s chicken breasts flat to a little lower near-term. Dark Meat: Leg quarters averaged just 26 cents/lb in the Northeast this past week according to the USDA, and there is widespread talk of product changing hands in the low-20 cent area that isn t getting reported. Even the prevailing average of 26 cents/lb this past week represents the lowest level for this market since May 2006. It s hard to imagine a quick recovery either with relentless production increases in play and an export market that s currently in shambles. Broilers, USDA Monday ago Week 07 14 2015 2015 2015 GA Dock 112 114 114 114 114 113 113 National 104 82 78 75 76 78 82 Chicago 98 75 73 69 70 72 76 Los Angeles 103 78 79 76 77 81 84 New York 108 86 82 79 81 83 86 NE Plant Grade Parts, USDA Average Price ago Week 07 14 2015 2015 2015 Bnls Sknls Breast 196 134 130 129 132 130 111 Breast, Line Run 121 100 99 96 95 90 83 Legs 66 35 34 34 33 32 33 Leg Quarters 52 26 25 24 25 23 25 Drumsticks 64 33 35 34 33 31 31 Thighs 85 63 62 58 58 53 49 Wings 146 182 168 163 161 148 150 Year- Current Aug Aug Aug Aug Sep Supply Projections ago Week 07 14 21 28 04 Projected Slaughter 158 162 164 164 166 169 147 % Change to Year Prior -0.1% 2.8% 3.7% 3.6% 3.8% 3.4% 1.9% Live Weight 5.9 6.1 6.1 6.0 6.0 6.0 6.1 % Change to Year Prior 3.0% 2.7% 2.3% 2.2% 1.9% 1.8% 2.7% Total Production 705 743 749 740 755 766 675 % Change to Year Prior 3.3% 5.4% 6.1% 5.9% 5.7% 5.3% 4.6% Turkey Market Comments Whole Birds: The USDA reported frozen whole turkey stocks at 262 million pounds at the end of June. That compares to 269 million pounds a year earlier and a 5- year (10-14) average of 284 million pounds. The last time whole bird stocks were this small at the end of June was 2008. Informa expects freezer stocks to dip to around 50-55 million pounds by later this year. That would be far below recorded levels from the past three years but still above the lows observed back in 2010-11. Spot prices for lighter hens and toms will very likely hit $1.40/lb by Thanksgiving. Heavier toms, what few, if any, change hands, will likely be going for above $1.70/lb at that time. Breast Meat: Turkey breast prices keep climbing at an unrestrained pace, and given the supply outlook for the remainder of summer, it s difficult to imagine a slowdown for at least a few more weeks. Dark Meat: According to USDA s latest Cold Storage report, frozen turkey leg meat stocks totaled 14.4 million pounds at the end of June, well above year-ago at just 8.3 million pounds and also above the 5-year (10-14) average of 13.5 million pounds. It seems a lackluster export market may be to blame here, and elevated stocks of frozen thighs and drums are keeping these markets in check. Whole Birds ago Week 07 14 2015 2015 2015 UB Hens, East Frz 8 LBS 111 126 129 130 131 135 139 UB Hens, East Frz 12 LBS 111 126 129 130 131 135 139 UB Toms, East, Frz 16-22 Lbs 112 126 129 130 131 135 139 Breast / Breast Meat ago Week 07 14 2015 2015 2015 UB Tky Meat - Brst, Tom, Fsh 405 536 570 585 589 600 600 UB Tky Meat - Brst, Tom, Frz 400 534 570 585 589 600 600 UB Tky Brst, Rtl, 15% Bstd 4-8 123 138 140 140 141 143 144 UB Frsh Tenderloins, DeStrp 365 450 470 480 483 143 144 Thighs / MDT ago Week 07 14 2015 2015 2015 UB Turkey Meat - Thigh, Frsh 175 140 140 140 140 140 140 UB Turkey Meat - Thigh, Frz 178 130 130 130 130 130 130 UB Tom Drums, Frz 178 61 62 62 63 65 67 UB Tky MDT Frsh<20%Fat,SS 48 42 44 44 44 43 40