The Choice Box Beef price rally continues but it has exploded well over where it was at this time last year. The main driving force has been the Choice middle meat steak items, for example the Daily Choice Rib primal has jumped about $30 higher in the last 7 working days. Also a big overall supporter of the upward trend this year has been the year to date out-front sales that are almost 5,000 loads higher than last year at this time. The reason that is important is because large pre-planned advertised specials normally utilize out-front sales to lock in both the price and product volume to protect retailers.
Meat Market Update | Choice middle meat steak items drive rally
Ed Czerwien, USDA Market News reporter in Amarillo, Texas, offers a concise summary of how last week's beef trade impacted the cattle market and beef prices.