Meat Market Update | Strips & tenderloins lead out-front sales

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 cutout ended the week $2.58 lower by Friday. However the weekly average Choice cutout was $2.66 higher, helped by the formula sales that were based off of the previous week’s higher spot sales along with higher middle meat out-front type of sales. The out-front type of sales were 1,035 loads, almost twice of the daily spot sales.

One of the largest out-front sales (which are delivered in 22-90 days) were Choice loin products that included strips and tenderloins, which had average prices that were a whopping $22-68 dollars per cwt. over the current average formula prices for the same products. That large of an increase over current prices really had a big impact on the weekly average primal cut prices and pushed the weekly average cutout higher.

TAGS: Marketing
Hide 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.