Meat Market Update | Demand for roasts, tenderloin inches market higherMeat Market Update | Demand for roasts, tenderloin inches market higher
Ed Czerwien, market analyst based in Amarillo, Texas, offers a concise summary of how last week's beef trade impacted the cattle market and beef prices.
The weekly average Choice cutout, which includes all types of sales, was $215.02. This was $2.67 highe for the week; overall, the weekly average choice cutout is starting the year out higher than last year.
The weekly average Choice rib primal was $1 lower, but the weekly average Choice loin primal was $6 higher for the second week in a row. With the Valentine Day holiday approaching, tenderloin along with strip steak sales always helps the Choice loin primal out. Everyone wants a special cut of beef for the holiday.
The weekly average Choice Chuck and round primals were $1-2 higher. This is continuing to improve as roast cooking in homes is big this time of the year.
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