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 for Friday, Nov. 9 was 202.79 which was 1.81 lower than the previous week. However, the weekly total for the daily spot volume was 689 loads, which was only 10.5% of the total sales for the week. The comprehensive Choice cutout was consistent with last week's numbers, ending at 202.26.
The latest average national steer carcass weight for week ending Oct. 26 was 876 lbs. compared to the same weight in the prior year and a four-year average of 860 lbs. (2008-2011).