Meat Market Update | Retailers reorder to restock shelves

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 last week or so was the post-Labor Day holiday sales period, so prices improved just a little as retailers reordered product to restock shelves especially earlier in the week. This is a typical situation following a big holiday weekend of sales, giving the daily spot Choice cutout graph a small jump. There were 6,585 total loads sold for the week which was a tremendous drop. 1,043 loads lower than the previous week even though it was still helped again by those longer-term forward contract type of out-front sales.

Czerwien is a market reporter in Amarillo, Texas. From the heart of Cattle Feeding Country, Ed follows the fed cattle, feeder cattle, slaughter cow and wholesale markets to keep beef producers up-to-date on the market moves that affect them. He previously worked with USDA as a Market News Reporter. Ed continues to work with cattle trade analysis. 

TAGS: Marketing
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish