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 dropped almost $3 but the volume increased to over 7,000 loads. The biggest reason for the increase in volume was the fact that the Out-Front Sales jumped to over 1,600 loads which is the biggest volume that we have seen in some time.
Another important item to note was that a lot of those Out-Front Sales that were priced below the Current Average Formula prices so they actually helped to lower the Choice Cutout this week.
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