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 Choice cutout jumped over $3.00 by Friday, but the average for the week was only up $0.28. However, once again the weekly volume was strong at over 7,000 loads.
The big increase came in the out-front sales which jumped about 300 loads, a normal seasonal spike during this week. These out-front sales will not be delivered for at least three weeks which will put them between Thanksgiving and Christmas as buyers locked in their post-Thanksgiving advertisement specials.
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