Meat Market Update | Buyers fire up the grills for Father's Day!

Ed Czerwien, market analyst based in Amarillo, Texas, offers a concise summary of how last week's beef trade impacted the cattle market and beef prices.

Father’s Day sales were very large and pushed the daily Choice cutout almost $6 higher by the end of the week and continued going higher on Monday, June 12th. The mid-May out-front sales which would have been aimed at Father’s Say were below 800 loads when normally they would have been around 1400-1500 loads which forced some meat buyers to purchase daily spot products to fill their Father’s Day needs. The daily spot cutout sales volume were the highest that they had been in a while and the formula sales increased 334 loads, which both provided current delivered product.

TAGS: Marketing
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