Meat Market Update | Cutout tops out, starts seasonal decline

The cutout starts its seasonal decline this week, but thankfully Father's Day grilling is just around the corner.

The daily Choice box beef cutout topped out and started to decline which is normal trend as move closer to the big grilling holiday. However, the weekly Choice cutout still was $6 higher. The daily Choice Rib primal which has been the biggest driving force in the rally has also topped out but the price went from $295 at the end of February to $420 on Wednesday, May 17, showing just how important ribeye steaks are during the grilling season. Luckily, these same items are extremely important during Father’s Day grilling.

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