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 spot or current negotiated market rallied tremendously as meat buyers were buying product to feature after Easter. Beef demand typically improves following the Easter weekend as consumers switch to beef after the many Easter Ham specials. It also tends to be the beginning of the grilling season. This first week after Easter has always been a very important week to beef Consumption, especially if the weather cooperates.
You might also like: