Ed Czerwien, USDA Market News reporter in Amarillo, TX, provides us with the latest outlook on boxed beef prices and the weekly cattle trade.
The Comprehensive or Average Choice Cutout was $221.49; it dropped $11.17 for the week. The Daily Cutout has dropped $34 since it began its decline the last week of August.
The cold storage report for August showed that total beef supplies were 36% higher than last year which helps to explain the tremendous downward pressure on the beef prices.
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