Meat Market Update | Is a price rally ahead?

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 weekly average Choice cutout was only 32 cents higher, but the big news is that we had increased sales on the heels of a firmer market which is a very positive item that often is a precursor to a price rally. The daily Choice cutout climbed only 61 cents last week but then followed that precursor and jumped almost $4 by Wednesday, September 28. Cooler weather for grilling no doubt also had some positive influence because the daily Choice primal rib jumped from $301 to $310 during the last eight days, which helped to pull the cutout higher.

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