Meat Market Update | Choice cutout higher this week

Ed Czerwien, USDA Market News reporter in Amarillo, Texas, provides us with the latest outlook on boxed beef prices and the weekly cattle trade.

The Comprehensive or weekly average Choice cutout was $8.32 higher this week on the heels of the daily spot trade price rally as well as quite a few formulas that were priced off of last week's even bigger spot trade jump.  The total sales were down 1063 loads than the previous week but many retail operations had already gotten their Memorial Day product the previous week and probably won't reorder much until they see just how good sales were.

Find more cattle price news here or bookmark our commodity price page for the minute-by-minute updates.

TAGS: Beef Quality
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish