Meat Market Update | Export volume jumps higher

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

Ed Czerwien, Market Reporter

June 4, 2020

The daily spot Choice box beef cutout ended the week on Friday, May 29 at $363.34 which was $33.40 lower compared to previous Friday. It then continued to drop over $20 lower on Monday then over another $20 on Tuesday, June 2 to $318.73. This drop comes mostly on the heels of a very big drop in the chuck and round product prices.  

The weekly average Choice cutout, which includes all types of sales including the daily Choice cutout, was $367.76, which was $29.09 lower. It typically follows the daily cutout, at a little slower pace, which is why it is still higher than the current daily Choice cutout. Additionally, it is still much higher than any previous years.         

The exports as reported on the box beef report were fantastic with 1,097 loads. That was 413 loads higher compared to the previous week.

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.

Subscribe to Our Newsletters
BEEF Magazine is the source for beef production, management and market news.

You May Also Like