Meat Market Update | Cutout cliimbs another $83!

Higher, higher, higher. The cutout climbed another nearly $90 before finally seeming to hit its peak on Wednesday.

Ed Czerwien, Market Reporter

May 14, 2020

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.

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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