Meat Market Update | Grilling, restocking boosts prices

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.

The daily spot Choice box beef cutout ended the week last Friday at $191.60 which was 18 cents higher compared to previous Friday, but it had been slightly higher than that early in the week. It then jumped over $5 higher by Tuesday, September 26, pushed up by a two-day $21 per cwt jump in that daily Choice rib primal, which was no doubt helped by a return to grilling and restocking shelves after the weekend.

The weekly average Choice cutout, which includes all types of sales including the daily spot cutout, was $190.74 which was 61 cents lower and probably pulled down a little by some lower out-front sales. There were 7,363 total loads sold for the week which was 420 loads higher than the previous week and big numbers again with very good current sales.

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