Meat Market Update | Daily Choice cutout highest in 5 years

There's nothing normal about the beef market right now. Ed Czerwien, market analyst based in Amarillo, Texas, offers a concise summary of last week's beef cutout trade.

Ed Czerwien, Market Reporter

April 23, 2020

The daily spot Choice box beef cutout ended the week on Friday, April 17 at $238.99 which was $15.06 higher compared to previous Friday, as beef sales prices improved again with retail stores reordering products as plants are closing because of COVID-19 outbreaks. All of the major daily primals were $10-19 higher this week with the chuck and round leading the gains.

On the following Monday and Tuesday, the rib and loin skyrocketed almost $20 higher pushing the daily Choice cutout to $259.85 on Tuesday, April 21, which is the highest in the last 5 years. Last year, it was $233.65 the same Friday.

About the Author

Ed Czerwien

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.

See more from Ed Czerwien

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