Subscribe to Our Newsletters
BEEF Magazine is the source for beef production, management and market news.
The daily spot Choice box beef cutout ended the week on Friday, June 26 at $207.17, which was $6.55 lower compared to the previous Friday. Last year, it was about steady at $219.66. On Monday, June 29, it climbed slightly higher to $208.36 as retailers re-ordered product to refill shelves after the big weekend of sales ahead of the Fourth of July. It did drop back down on Tuesday, June 30 to $206.97.
The good news again this week was that there were 7,225 total loads sold for the week, which was 381 loads lower than the previous week, but still good volume. In fact, these last four weeks of larger sales has pushed the four-week moving average graph much higher after being much lower when many packing plants were either shut down or working slower.
Ed Czerwien is a market analyst in Amarillo, Texas. From the heart of Cattle Feeding Country, Ed follows the cattle 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 is now semi-retired and continues to work with cattle trade analysis.
You May Also Like
The dollars and sense of sustainabilityFeb 21, 2023
Current Conditions for
Enter a zip code to see the weather conditions for a different location.
Programs demonstrate U.S. beef’s versatility for China’s foodservice sectorFeb 28, 2024
APHIS strengthens animal health surveillance with UME investigation fundingFeb 28, 2024
NCBA, CattleFax partner on new culling resourceFeb 28, 2024
UPDATED: Texas, Oklahoma battling large wildfiresFeb 28, 2024