Meat Market Update | 4th of July sales push volume higher

Ed Czerwien, market analyst based in Amarillo, Texas, offers a concise summary of last week's beef cutout trade.

Ed Czerwien, Market Reporter

July 2, 2020

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.

About the Author(s)

Ed Czerwien

Market Reporter

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.

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