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The daily Choice cutout continues its race higher. It ended the week on Friday, May 8 at $460.88 which was $83.43 higher compared to previous Friday. This is on top of the $138 increase over the last two weeks as beef prices skyrocket as processing plants continue to struggle with COVID-19 shutdowns.
The daily Choice cutout then continued to climb higher and was $475.39 on Tuesday, May 12th so it continues to break all-time high records, but it did start to decline on Wednesday so it might be topping out now at these very high prices.
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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