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 daily spot Choice box beef cutout ended the week last Friday at$ 224.83, which was $7.64 lower compared to previous week. However, this decline that began on mid-month was a normal seasonal change that usually runs until late in February. The spring rally normally kicks in around March at the beginning of the grilling season.
The Comprehensive or Weekly Average Choice Cutout which includes all types of sales including the daily spot cutout was $224.78, $1.48 higher and within 5 cents of the Daily Spot Cutout close on Friday.